Management 101

RSI will be posting a series of blogs designed to address issues that face property owners. Each of the blog posts will talk about a specific issue such as frozen pipes, crime and many other. Make sure you follow this blog to stay in the loop.

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Renting To Young Adults

I recently read an opinion from a person in the apartment industry that I found to be interesting. He states that he has seen an alarming trend of younger and younger debtors sent to collection by apartment communities. People 18 and 19 years old may legally sign a contract but most won't understand or remember it. If no co-signor or guarantor is on the lease many people of this age are not responsible enough to be given control of an asset valued in the tens of thousands of dollars. I agree on face value. However, if you have strong rental criteria in place the age of the applicant shouldn’t matter. When your tenant screening company conducts the background check they should be verifying income, rental history, credit, evictions and criminal records. Match this information up with your criteria and you increase your odds of getting a good renter regardless of age. Quality tenant screening and criteria decrease the chances of renting to individuals who can’t pay the rent. 
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Rental Services, Inc. September 2019 Newsletter!

In this month’s newsletter, I thought we would discuss password security. About 93% of all Rental Services, Inc. clients access the RSI website. Every person who uses the RSI website is issued a unique username and password to login to the website. Some use the site to order reports and others simply use it to review completed reports. During a recent RSI team meeting it was brought up that we continue to receive phone calls from clients about login issues. As we explain the steps to recover or reset the password using the built-in tools from the website, we often find the client is sharing login information with someone else in their office. The person sharing the password doesn’t know the answers to the security questions and they can’t reset the password. This causes problems for everyone involved. No one using the RSI website should share their login information with others. It is a direct violation of the RSI Services Agreement and the credit bureaus require us to su
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Rental Services, Inc. August 2019 Newsletter

Each day I talk to current and future clients about background screening and other industry related topics. The one question that I’m asked on a regular basis is what is the most important part of the background check? After I explain how every part is important and how each individual piece of information is needed to make an informed business decision, we talk about Forcible Entry and Detainers (otherwise known as an “FED” or “eviction” lawsuit). In my opinion an applicant who has a verified eviction is a high-risk renter. At Rental Services, Inc. we feel an eviction search is so valuable it is included with almost every screening package we offer. Industry studies have shown that applicants with an eviction are three times more likely to have another eviction and have double the number of apartment related collections.   At one time eviction records showed up on the credit report. However, on July 1, 2017, Equifax, Experian and TransUnion began to exclude most public t
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