The RSI blog was created as a convenient way to share information and ideas that pertain to the multifamily housing industry and discuss employment screening best practices. As a full-service background screening company, Rental Services, Inc. knows the information we provide is key in your success, that’s why No One Checks Them Closer!
How to Create a GOOD Rental Application…
The first step in obtaining a good tenant for your rental
property is to procure a good rental application. There are several questions
that are, essentially, required on every application in order to perform the most
basic background check:
-Full Legal Name (spelled correctly) and any aliases
-Date of Birth
-Social Security Number
-Current Address and Phone number
A good rental
application will also cover the following areas:
-Contact information for the applicant’s current and
previous landlords. Additionally, they should be asked to include information
about when they lived at that address, the rent amount paid and reason for
-Contact information for the applicant’s current and
previous employer. Additionally, they should be asked to include information
about dates of employment, salary earned or hourly wage, and whether they were
(or are) working full or part-time.
-Information on any other occupants who will reside on the
property including their name and age.
-Information on any Criminal or Felony Charges
-Information on any Evictions
-Information on any Bankruptcies
-Whether or not they are a registered Sex Offender
An authorization of release will be required to run any background
check on the applicant(s). This authorization should state that permission has
been given to screen credit reports, character information, verify rental
history, employment history, bank information, public records and personal
references as necessary to authenticate information set forth in the
application. It should be signed and dated by the applicant.
After receiving an application, be sure to check that the
form is completely filled out. You should also cross reference the information
provided with the applicant’s photo ID (in addition to confirming that the ID photo
matches the applicant). Inaccuracies or wrongly entered information could delay
the screening process or signal a red-flag about the applicant’s honesty.
For a free sample of a great
rental application, visit www.erentalservicesinc.com
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…
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…
Rental Services, Inc. is proud to announce that we’ve
entered into a strategic partnership with a leading property management
software company. This partnership allows RSI to offer cloud-based
property management software to each of our clients.
RSI Property Management Software provides solutions to various
aspects of property management.
When using the RSI Property Management Software, all monthly
charges and late fees are automatically billed to the tenant. There is no need
for Manager involvement or potential for human error on recurring charges. RSI
Property Management Software ensures that your tenants are being billed
accurately. Tenants are automatically billed based on your customized rules
ensuring late fees are applied.
Post vacancies to popular website like Apartments.com,
Apartment Finders, Apartment Living, Rent Jungle and Oodle.
Track work orders and maintenance requests online from the web-based
Let Tenants pay rent online using their smart phones or