Tenant Screening

When most people think of insurance, they likely think of some more popular types of policies such as health insurance, auto insurance, and even homeowners insurance. One form of coverage that’s not talked about as often is renters insurance. In fact, with only about 40 percent of renters holding policies, it’s not surprising that there…

My partner and I have acquired and leased hundreds of rental units. As co-owner at my organization, I still have the final say on approving rental applicants. As much as I want to delegate the task, I am aware it is of pretty high value. Having a great tenant in your property is crucial. A troubled one…

When you are reviewing your screening policies to avoid any discriminatory effects, especially criminal history, be sure to avoid your gut feelings. The Grace Hill training tip of the week focuses on tenant screening and the right way to do it especially when checking criminal history. The National Fair Housing Alliance’s recent publication, Making Every Neighborhood a Place of…

In 2000, Netflix was willing to sell itself to Blockbuster for $50 million. Blockbuster, as an established industry giant with increasing profits, refused the offer. Ten years later Netflix had an eight-figure market cap while while Blockbuster filed for bankruptcy. Blockbuster’s decline is not an isolated incident: Digital disruptors are shifting the marketplace and forcing organizations…

Paying for a traditional or monthly lease can put a dent in one’s pocket since it’s a constant expense which weighs on your finances and future investments. Traditional leases last 12 months, 18 months or 24 months. Property owners operating on a six-month lease is rare and costly. The lease’s structure is too unyielding for…

How do you screen your prospective tenants? Here are at AAOA we were curious to find out what our members are doing in addition to running a credit and background check. We received 1,100 survey entries, the results may surprise you! Question 1: When screening a tenant, do you ask to see paycheck stubs? Why…

The three major credit reporting agencies are implementing policy changes for credit scoring that could lift the scores of some consumers. Equifax, Experian, and TransUnion will now exclude exclude all tax lien data from credit reports, which could raise some credit scores as much as 30 points, CNBC reports. The agencies began this process last…

Steps To Take When Selling Property Occupied By Tenants There’s a lot of advice for landlords on how to buy rental property, but not as much on how to sell property — especially when it’s occupied by renters. You can sell a property when it’s occupied by tenants, but there are certain steps to take…

Screen your prospective tenants today with AAOA’s credit and background checks starting at $19.95! More than half of all landlords don’t conduct credit checks on their renters, according to a national study. The Real Property Management franchise surveyed 290 landlords nationally in January for its research, which was carried out by the Boston firm Liminality,…

Longtime landlords know that one of the keys to stress-free property management is finding high-quality types of tenants for every unit. Review the top five traits of a great tenant to find the right people for your property. Top Five Traits of a High-Quality Tenant 1. Responsible Responsible renters pay rent on time, take care…