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August 2010 - The FICO Fallout UNITS, p.58 |
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Many apartment owners nationwide, given their pursuit of filling available units with qualified and reliable esidents, may have frowned upon learning last month that more than one-quarter of Americans (43 million) hold FICO credit scores of 599 or less, which reflects poor risk for lenders. Read More |
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May June 2010 - Mad Asset Management SkillsMultiHousing Professionals, p.31 |
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Vacancies remained flat at eight percent in Q4, the highest level since 1980 and in any forth quarter since 2003, according to independent real estate research firm REIS. Read More |
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May June 2010 - The New NormalMultiHousing Professionals, p.52 |
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National credit trends are changing rapidly and the impact has been even greater for young adults. This is particular alarming for the multifamily industry which has a younger than average demographic. Read More |
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May June 2010 - Residents Keep Their Cash. You Protect Your Asset.MultiHousing Professionals, p.34 |
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In the struggle to improve occupancy rates in a down market, security deposit alternatives are win-win for apartment owners and renters. Read More |
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Jan / Feb 2010 - Selecting a Resident Screening Partner, SAHMA, p.10 |
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Of the many decisions made by property management professionals, few have the direct impact on Net Operating Income (NOI) as selecting a resident screening partner. Read More |
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June 2009 - Fact About FACTA, UNITS, p.80 |
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The Fair and Accurate Credit Transition Act of 2003, also known as FACT Act, or FACTA, initially was enacted as an admendment to the Fair Credit Reporting Act to address consumer data reporting. FACTA places and emphasis on accuracy of information in consumer credit reports and on protecting the rights of privacy to help curb identity theft. Read More |
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February 2009 - Screening Brings Security for Owners, Residents, UNITS, p.26 |
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Press Reports of hedg-fund scandal on Wall Street indict the major funds for not performing necessary due diligence before doing business with New York trader Bernard Madoff. Read More |
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November 2008 - Collections: Combining Resident Screening and Bad Debt Improves NOI, UNITS, p.69 |
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The apartment industry recently initiated and effort to create a multifamily housing-specific data dictionary for seamless exchange of data between property management systems and business partners that became widely used in the multifamily housing industry. Read More |
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June 2008 - Debt Control, UNITS, p.67 |
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Although the science behind resident screening credit score models can be complex, having a clear management company credit policy is not really rocket science. It merely requires an understanding of the relationship between front-end resident screening and bad debt collections, plus a company-wide “credit culture” commitment to ensure credit extensions are consistent with strategic portfolio and risk-management objectives. Read More |
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May 2008 - 2008 Tech Report, MFE, p.9 |
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With millions of Americans losing their homes, multifamily pros are welcoming once-and-future renters back to their markets. But some wonder if forgiving foreclosures in resident screening turns a blind eye to risk. Read More |
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April 2008 - Platinum Patron of the Month, AAA, p.9 |
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ResidentCheck is proud to once again sponsor the Opening Reception for the 2008 AAA Trade Show - Bet On AAA! Read More |
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February 2008 - Considering Score Models, UNITS, p.55 |
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Apartment Industry professionals are rethinking steadfast rules on resident approval standards to accommodate previously good renters reentering the rental market after facing foreclosure. Read More |
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January 2008 - Mortgage Policy, UNITS, p.28 |
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How Federal mortgage policy affects the Apartment Industry Read More |
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December 2007 - Foreclosure: Looking Back at the American Dream of Home OwnerShip and Today's Challenge, The APTS, p.8. |
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Recently many renters chasing the American Dream of home ownership have found themselves in foreclosure. For nearly a decade mortgage broker and investors enjoyed relatively non-existent government regulation and have lured otherwise unqualified renters into no documentation and no income check loans, interest only adjustable rate mortgages (ARMs) and other creative means to secure home ownership. Read More |
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September 2007 - Sex Offender Registries, UNITS, p.61 |
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There is an inherent lapse between the time when a convicted sex offender is required to report to a national database and when they actually report and when this information becomes available on the database. Read More |
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July 2007 - Multi-Housing News |
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In the nearly five years since its strategic alliance with SureDeposit was first announced, ResidentCheck, based in Dallas, Texas, reports collection results from residents that had paid the one-time surety bond premium to SureDeposit at move-in were 27 percent higher than those from residents that had paid the traditional security deposit amount. ResidentCheck is a national provider of resident screening, multifamily collections and employee screening. Read More |
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June 2007 - Bringing Background to the Foreground, UNITS, p.92. |
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Employers have faced "negligent hiring" liability for years, but now national security concerns have made documented pre-employment screening even more important. Quality screening should include a thorough review of all materials furnished by the applicant with a focus on consistency and truth in details. Read More |
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May 2007 - Identity Crisis: Leasing to Non-U.S. Citizens, UNITS, p.63. |
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Knowing who is signing that lease is not only smart business, but it is a requirement under the U.S. Patriot Act. The Department of Treasury’s Office of Foreign Asset Control (OFAC) publishes a list of Specially Designated Nationals and Blocked Personswhich apartment owners and managers are required to screen against; doing business with targeted foreign countries, terrorists, international narcotics traffickers and those engaged in activities related to the proliferation of weapons of mass destruction can lead to both civil and criminal penalties. Read More |
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