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8 questionable rental fees to avoid charging
Not all fees are created equal. In fact, some stretch the law. 1. Excessive late-rent fee The Landlord Protection Agency, a website that provides advice for landlords, has this to say about late-rent...
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Are you putting funds aside for property repairs?
This is something that is commonly overlooked and underestimated. As a landlord, you have an obligation to keep your rental property in good condition for the tenant; not to mention, you want to keep...
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Tax Advantages to Renting Your Property
Rental real estate offers tremendous tax advantages and opportunity for tax planning. Taxpayers can depreciate property, deduct interest on borrowed capital, exchange rather than sell properties to...
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Hurricane Preparation Checklist for Landlords and Property Managers
With over 30 years of combined experience in credit reporting, background screening and information services, the StarPoint team is here to provide you with the very best in products, technology and...
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Natural Disasters and Tenant’s Rights
When natural disasters strike affecting the condition of your rental properties, know your tenant’s rights: If the premises are damaged or destroyed other than by the wrongful or negligent acts of the...
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Reasons for Renters Insurance
Renters insurance, like homeowner insurance, is sold as a package. Renters insurance provides coverage for your personal belongings and personal liability (legal responsibility) in the same way that a...
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TransUnion Credit Report Codes
ECOA (Equal Credit Opportunity Act) Inquiry and Account Designators A – Authorized user of shared account C – Joint contractual liability I – Individual account for sole use of customer M – Account for...
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Turning a tenant applicant down because of their credit report information?...
The FCRA requires you as the potential property manager/landlord to give an adverse action notice to each consumer whose credit report was used to deny their lease application. The consumer is also...
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Government seeks to sell foreclosures as rentals
The Obama administration said on Wednesday that it was soliciting ideas on how to turn the federal government’s inventory of foreclosed houses into rental properties that could be managed by private...
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When Your Tenant Won’t Pay
There comes a point when apartment owners find that despite their best efforts at resident screening, they will have to grapple with evictions and collections in response to non-payment of rent. The...
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Market Switching Condos to Rentals
By ELIOT BROWN of the Wall Street Journal For at least three years, Related Cos. had been planning for the 151 apartments on the highest floors of its new apartment tower in Midtown to be...
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What is a Denial Letter?
A Denial Letter is also known as an Adverse Action Letter. The Fair Credit Reporting Act requires that a form of this denial letter or adverse action letter must be provided to any rental applicant...
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What is a Denial Letter With Reasons?
A Denial Letter with Reasons is also known as an Adverse Action Letter with Reasons. It’s very similar to the Denial Letter but it provides specific reasons for denial based on information in the...
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What is a Conditional Acceptance Letter?
A Conditional Acceptance Letter is a letter that specifies additional requirements such as additional deposit monies or that the tenant applicant has to meet to be accepted as a tenant. The Fair...
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The Protecting Tenants at Foreclosure Act
Background The Protecting Tenants at Foreclosure Act of 20091 became effective on May 20, 2009. This new law protects tenants from immediate eviction by persons or entities that become owners of...
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Renting your property
If you’re thinking about renting out your property, it’s important to set a rent that will cover your costs, earn you a profit, minimize vacancies and provide value to your tenants. The key factor in...
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2012 Tax Deductions for Landlords
As 2012 is wrapping up, so is the tax year. It’s a good time to focus on the tax deductions for landlords you can claim as a rental property owner. Below are seven key 2012 tax deductions for landlords...
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The Financial Perks of Being a Landlord
Being in the property management or landlord industry has many financial benefits to it as well as a ton of social benefits. Landlords get to continuously meet new people and... Read more >
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Accessing Tenant Credit Reports
Accessing Tenant Credit Reports Nowadays many landlords will check the tenant credit report before agreeing to rent to someone. This is because this practice lowers the risk of them renting... Read...
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Is making better tenant screening decisions one of your resolutions? It...
Are you a busy property management company with multiple property managers or a busy landlord managing multiple properties? Why not use our east to use Tenant Credit Report Card with... Read more >
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