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.
Property managers like you take protecting their rental communities very seriously, and investigating their future tenants is a huge part of the leasing process. While some use shady (and potentially illegal) Facebook research as well as other social media accounts to vet potential residents, ultimately, you are your own Detective Gadget, and resident screening is your primary tool. With your applicant’s background screening report in hand, you can easily look for clues of potential “red flags.”
In the multifamily housing industry, the advantages of having online rental applications and forms are massive. Rather than depending on the accessibility of paper applications (which oftentimes get lost or forgotten by applicants), online rental applications give you the freedom to work outside of the leasing office and attract applicants wherever you may be. While a large part of the rental housing world has already shifted to online applications, it’s important to insure that your applications are equipped with e-signature tools. Without it, you significantly cut down on the benefits of online applications.
ApplyConnect®, the nation’s leading source of secure, consumer-initiated, tenant screening solutions, is offering Apartment Associations, Associations of Real Estate Brokers and Agents, and Vendors to the Property Management Industry a chance to passively boost their revenue by joining ApplyConnect’s® Affinity Partnership Program. Enabling companies to offer their members and website visitors an easy-to-use tenant screening solution through a unique referral link, while earning residual income, the program is designed to be 100% hassle-free.
Minimizing liabilities within your leasing process is an important aspect of protecting the communities you manage. Without performing thorough tenant screening, providing Adverse Action Notices and a Summary of Rights, and being mindful of national and state-wide legislation, you can easily get you and your property management company in a whole lot of legal trouble. To avoid liabilities, be mindful of incorporating these few steps into your leasing process.
From enforcing “Ban the Box” regulations on Los Angeles employers to potentially prohibiting Texan counties and cities from enacting “Ban the Box” legislation, passed and proposed legislation has, for the most part, favored the movement. While the federal Fair Chance Act has been halted since it was proposed in 2015, many states, cities, and counties have enacted their own “Ban the Box” legislation this year.
As a hiring manager, you know well that employment screening is one of the most effective ways to help you determine if an applicant is the right fit for your company. In fact, according to the U.S. Department of Labor, 87% of companies rely on background checks for hiring decisions. Although the benefits of pre-employment screening include an increase in employee quality and a decrease in liabilities, the advantages of pre-employment screening are short lived. As Ryan Green points out in his article, “employees with inclinations towards activities that violate company policy rely on the fact that their job will stop looking into their background once they are hired.” The solution? Annual background checks.