FICO™ and VantageScore® 3.0: Your Credit Score Cheat Sheet

As a property manager, you depend on credit scores to help you make the best rental decision, but how much do you know about credit scoring models? With this guide, you’ll not only learn some of the differences between  FICO™ and VantageScore® 3.0, but how to use credit scores to uphold your rental standards and protect your community.

Property Managers Resident screening Tenant Screening

Quarterly Legislative Update: Rental Housing and Employment

As we’re well into 2017, quite a few legislative changes have developed since January. With passed and potential bills affecting the multifamily industry and employment on a nationwide and state level, check  below to see if you’re affected.

HR Advice Legislation Property Managers Resident screening Tenant Screening

Be Wary, Residents can Forge their own Credit Report

In this day and age, most Americans have become extremely critical about the type of information they receive. Whether they’re analyzing the true sugar amount of their favorite Summer-time drinks or the overwhelming number of articles coining the phrase ‘fake news’, unfortunately you can’t stop there. With a simple internet connection, your rental applicants can now forge their own credit reports.

Property Managers Resident screening Tenant Screening

Credit Bureaus’ New Standards might Improve Renters’ Credit Score

With the credit bureaus’ new National Consumer Assistance Plan (NCAP) hot on our heels, it’s starting to look like these future changes could actually improve millions of U.S. credit scores. While a score boost definitely rears in the rental applicants’ favor, these new standards might be a little disconcerting for property managers and property owners where tax liens and civil judgments play an important role in the rental decision.

HR Advice Resident screening Tenant Screening

Security Enhancements to Attract and Keep Residents

When it comes to adding a new amenity or enhancing a component in your community, you want to ensure that the investment will be worthwhile. Whether it’s hosting resident events to increase community happiness, or adding an Uber waiting room to replace a lack of parking, every investment must have a distinct purpose. For strengthening security, CCTV Security systems are the best bang for your buck.

Resident screening

3 Signs you Aren’t Getting Accurate Tenant Screening

Determining if your tenant screening provider has quality criminal and eviction data is essential if you want to maintain a standard when accepting applicants. With faulty or subpar data, you leave your community open to potential threats, which can include extensive damages, lawsuits, fines, and a loss in reputation. To discern if you need to shop for a new resident screening provider, check if your current provider is showing these 3 red flags.

Resident screening Tenant Screening