Account Updates

Each year Trans Union, Equifax and Experian add additional requirements to individuals and companies that access credit information.  To make sure all of our clients stay in compliance with the new rules we audit client files each year.  If your file is missing information we will contact you to update your account.  Please make sure that you return any forms or documentation in a timely manner.  Files not in compliance may be suspended until they are updated.

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Warranty of Habitability

If you own rental property in the state of Colorado you need to make sure you’re aware of the new warrant of habitability statute that was past in 2008. As the end of 2009 approaches I still talk with property owners that are not aware of this rule. A complete copy of the House Bill is listed below for your review.


HOUSE BILL 08-1356

SECTION 1. 13-40-111 (1), Colorado Revised Statutes, is amended to read:

13-40-111. Issuance and return of summons. (1) Upon filing the complaint as provided in section 13-40-110, the clerk of the court or the attorney for the plaintiff shall issue a summons. The summons shall command the defendant to appear before the court at a place named in such summons and at a time and on a day which shall be not less than five business days nor more than ten calendar days from the day of issuing the same to answer the complaint of plaintiff. The summons shall also contain a statement addressed to the defendant stating: "If you fail to file with the cour…
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Change Isn’t Necessarily a Good Thing When it Comes to Credit Reports!

Back in March of 2015 Equifax, Experian and TransUnion launched a website, http://NationalConsumerAssistancePlan.com. This website was setup to inform consumers about the implementation of the National Consumer Assistance Plan. This mission of the NCAP was to make credit reports more accurate and easier for consumers to correct mistakes found on their credit report. This sounds great, but it has had a negative impact on property owners conducting background checks.
 On July 1, 2017, Equifax, Experian and TransUnion began to exclude most public tax lien and all civil judgment information that didn’t meet the new NCAP standards. The new standard requires each credit bureau to remove records that did not include a person’s name, address and either a Social Security number or date of birth. It also requires Equifax, Experian and TransUnion to verify public record information by visiting court houses every 90 days. When you remove tax lien and civil judgment information from a consumer c…
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Automated tenant screening is not in your company’s best interest!

Over the past few years Rental Services, Inc. has noticed more companies transitioning to the use of applicant tracking software, also known as property management software. These software products handle the general bookkeeping and keep track of a resident through the complete rental cycle. Many of these software platforms have an additional option that provides automated tenant screening services for an extra fee. RSI has also noticed these companies using an instant nationwide criminal report. I’m writing to clarify why the automated tenant screening provided with this type of software and the nationwide criminal records are an inferior product compared to the reports provided by Rental Services, Inc. and why using them is not in your company’s best interest.
Let’s start off by looking at Eviction records, they tell you a lot about a perspective renter. The first eviction can be traumatic for the renter. The second eviction doesn’t hold the same mystery. It’s like watching a scary…
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