FICO vs. TenantRisk Score

How to Choose? FICO vs. TenantRisk Score

Most housing providers are familiar with the FICO® credit score, developed by Fair Isaac Corporation. It has long been the standard tool for evaluating an applicant’s creditworthiness. However, newer scoring models do exist, such as AOA’s TenantRisk Score from TransUnion. These newer credit scoring models are gaining traction, particularly as screening priorities shift and costs…

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criminal records gaps

Criminal Records Gaps: How County Reporting Impacts Housing Providers by Jeffrey Faller

A recent disclosure from the Los Angeles Superior Court revealed that roughly 464,000 criminal case results in Los Angeles County were never transmitted to the California Department of Justice. Outdated systems and reporting gaps meant decades of case dispositions, including convictions and dismissals, never reached the state repository. For housing providers relying on background screening…

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background check

Survey Reveals That Background Checks Are the Top Priority in Tenant Screening by John Triplett

Background checks are the most important tool in a landlord’s screening process, according to a survey of 700 landlords by the real estate investment-strategy company BiggerPockets. The survey showed that landlords use multiple sources in tenant screening. At the top of the list, 88% of respondents said they run a certified tenant-screening report, while 78%…

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move in

Rent Growth Cools Slightly, Following For-Sale Market’s Lead by Orphe Divounguy

Softer rental and for-sale markets give prospective buyers and renters more bargaining power. Competition for rentals cooled off faster than usual in May giving prospective renters more negotiating power. Early June is when rental activity — listing views, rental applications and inquiries to property managers — typically peaks on the Zillow platform. Rent growth is…

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tenant screening

Meshing Your Tenant Screening Techniques With a New Law by Daniel Bornstein, Esq., Founding Attorney, Bornstein Law

We were once asked when the most successful eviction is. Our response: One that never occurs at all. Our law offices are accustomed to nightmare tenants who do not pay rent, wreak damage to the unit, and create unpleasant or even hostile living experiences for neighboring residents. Landlords do not call to tell us that…

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