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Protecting Tenants at Fore...

If you are working with a tenant who is facing a foreclosure situation, we suggest you encourage them to speak with a HUD-approved housing counselor. These counselors are trained to provide helpful advice at no cost and can be located on HUD’s website by clicking here. The “Helping Families Save Their Home Act of 2009” (S.896) went into effect on May 20, 2009, and included the “Protecting...

EPA Delays Lead Certificat...

The Environmental Protection Agency (EPA) announced that it will provide additional time for contractors to become trained and certified under the new Lead Renovation, Repair and Painting (RRP) Rule. They have moved the deadline back to October 1st and will make exceptions regarding enforcement for workers who have applied to enroll or are enrolled in courses as of September 30th. Although it has delayed...

How Do You Read a Credit R...

During my10 plus years in the credit reporting industry, the two most frequently asked questions you hear are 1) What Do Credit Scores Mean?  and 2) How do you Read a Credit Report? We’ve answered the first question, “What Do Credit Scores Mean” in a previous blog.  But here, we’ll give you an easy guide to reading your tenant’s credit report. Simply click on our illustrated...

The 2010 Census: What Apar...

Most households, including those in apartment buildings, should receive Census questionnaires in the mail in March 2010. (A sample questionnaire is available at http://2010.census.gov/2010census/how/interactive-form.php Responses are due by April 1, 2010. If households do not return their completed forms by the end of April, apartment operators can expect Census enumerators to visit their communities in...

California: Recycling Mand...

  The state’s Integrated Waste Management Board (IWMB) is formulating a program that will encourage businesses, apartment complexes and mobile home parks to institute recycling. The mandatory recycling directive will most likely set goals for cities and counties, allowing them to implement individual programs as long as they comply. Start date was  Jan. 1, 2010 The San Diego Union-Tribune reports...

Rental Property Bookkeepin...

Audit Checklist Whether you are an individual landlord or a property management firm, managing the bookkeeping for your properties is essential. Below are some helpful suggestions: Maintain at least three separate accounts to track funds received and disbursed: 1) security deposits; 2) rent receipts; and 3) company operating funds. The first two accounts are to contain no funds other than those for which...

How to Comply with the Fai...

If you’re a landlord, you can use consumer credit reports as part of your tenant screening process to evaluate rental applications – as long as you follow the provisions of the Fair Credit Reporting Act (FCRA). The FCRA is designed to protect the privacy of consumer report information and to guarantee that the information supplied by consumer reporting agencies (CRAs) is as accurate as...
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