Credit eviction background check
Credit eviction background check
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You’re looking at housing applicants or deciding whether to renew a current tenant’s lease. You decide to run a tenant background check through a company that compiles background information. These tenant background checks can include a variety of information, including rental and eviction history, credit, or criminal records. They also are known as consumer reports. When you use consumer reports to make tenant decisions, you must comply with the Fair Credit Reporting Act (FCRA). The Federal Trade Commission (FTC) enforces the FCRA.
A state based eviction background check report will show how often (if ever) a potential tenant has been evicted from a residence. More often than not, people with evictions on their record have a history of multiple evictions. Since tenant laws lean in favor of tenants more so then landlords, eviction reports are vital to protect you from costly fees, lost rent, damages and the legal hassle of eviction. The eviction process is the most challenging part of the property management industry, and can be very lengthy, time consuming and costly.
https://selection.com/eviction-background-check/
An eviction may seem like a clear-cut solution to a tenant skipping out on rent, but evictions are costly and time-consuming. TransUnion survey data shows that when you add up court costs, revenue and operating expenses, evictions average $3,500 per unit and three to four weeks for an eviction process to run its course. While large property management companies may have the resources to absorb the cost of an eviction, this is not the case for many independent landlords.
https://www.mysmartmove.com/SmartMove/blog/landlords-check-applicant-eviction-history.page
At New York City Housing Court, on the second floor of a dingy office building in Lower Manhattan, a woman sits quietly with a shawl pulled around her shoulders, looking up names on an old government computer and copying them into a sleek mini-laptop at her side. Behind her, tenants shift anxiously on their feet, clutching paperwork and waiting to speak with one of a handful of clerks sitting behind a glass partition.
https://www.nytimes.com/2014/10/19/nyregion/a-tenant-blacklist-culled-from-tedium.html
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