2017 Multifamily Housing Legislative Changes

From new laws that will affect California’s tenant screening services to Seattle, Washington’s “first come, first served” renter law, 2017 has brought an onslaught of new multifamily housing legislation. Here are some passed and pending bills you should look out for this year.

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Thanksgiving Theft

Rising Worries over Identity Theft

As you start thinking about Christmas shopping, are you worried about your personal information being stolen?  Most Americans are concerned yet many take no preventive action.   Through frequent credit monitorization, not only do you lower your risk of identity theft, but you’re also able to know where your credit stands at all times. This can be especially helpful if you’re seeking to raise it before applying for a loan or line of credit. By knowing your credit standing before applying, you’re not only more likely to get approved but some banks will even give you a lower interest rate if you have a high enough score.

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Avoid a $1,000 Fine when Screening Applicants

Recently I applied for rental housing for the first time in several years. I just sold my home and planned to live in an area I’m much less familiar with, and using a realtor to help me learn about neighborhoods to trust or avoid was extremely useful. The property I applied for was owner managed, and the vacancy being filled using another agent. The initial application seemed pretty straight-forward, but while waiting for the approval I received an unsecured email that contained my credit report in PDF. This instantly set off a red flag to me as a renter, consumer and a professional that has spent nearly a decade working in credit reporting.

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trump multifamily

Unpacking the Meaning of a Trump Administration for Apartment Housing

Source: Unpacking the Meaning of a Trump Administration for Apartment Housing

Uncertainty dominated the commentary written by key real estate analysts trying to forecast how the apartment industry and economy overall will be affected by the election of Donald Trump as the next U.S. President.

Most industry groups, admittedly, said they were caught off guard by the result, and they, no doubt, will continue to analyze the situation between now and Inauguration Day.

While it is too soon to speculate what impacts the Trump Administration could have on the industry and the broader economy, following is a summary of thoughts and projections expressed during the week following the Nov. 8 election.

Property Managers Resident screening

CICTotal Property Management Software Coming Soon!

CIC™ is proud to announce that our new cloud based property management software, CICTotal, will be available soon! Allowing property management companies like you to Attract, Screen, Rent, Manage, and Collect, our personalized software enables you to access a complete suite of features for a small subscription fee. Through our combined industry experience, we’ve built the tools to empower your property to obtain quality applicants and retain life-long residents.

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Is Your Rental Criteria Using any of these Faux Pas?

Figuring out which applicants will make trustworthy renters can be stressful and time consuming. While your community has set rental criteria, it can take hours out of your day, sifting through background screening reports, to determine which applicants qualify. On top expediting your applicant approval process, a customized decision model eliminates any question that your rental policy (or decision process) might be based on subjective and discriminatory factors. When nailing down your written rental criteria for your decision model, here are some tips on how to get the best renters for you.

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