Tennant Risk Assessment - Need Opinions : ezLandlordForms

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Hung Q

started a topic about 13 years ago

We have an applicant who had a foreclosure situation and was evicted from his foreclosure condo. Couple's ages in low thirties. Has a new baby < 1 yr. Both parents work, have stable jobs for 2-3 yrs. Current landlord of about 1 year says no late rent, and that they are easy tenants... We know evictions are bad, but in this case, should we be worried? Thoughts?

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Tami Z

said about 13 years ago

What about criminal history? With my experience in the industry, I quickly learned not to judge a book by its cover! If the rest of their credit lines are in good standing,and they have a clean criminal record, I wouldnt hang your hat on the foreclosure information. You will be hard pressed to find an applicant that doesn't have credit issues in this economy!

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Gerda O

said over 12 years ago

Hi Hung, you might like risk assessment solutions that tie all the pieces together for you and provide a scoring engine based on statistical data for renters across the U.S. I know the big property management software companies do this, such as Buildum and RealPage's resident screening solutions. (not sure if this will work, but here's an example: http://www.realpage.com/tenant-screening/resident-screening/resident-screening). Anyway, the point is it helps you make more objective decisions regarding tenant feasibility... just a thought.

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Bob R

said over 12 years ago

For what it's worth, I tend to agree with Tami.