TENANT SCREENING TIPS FOR CHOOSING GREAT RENTERS Laura O’Leary.

Slides:

Advertisements

Similar presentations

Securing a Living space G1 © Family Economics & Financial Education – November 2005 – Housing Unit – Securing a Living Space – Slide 2 Funded by.

Advertisements

Fair Housing It’s Your Right. What is Fair Housing?  Fair housing is your right under the law to choose freely and compete equally for housing, without.

Independent Living: Renting and Leasing. Importance of Landlord Tenant Law  You’re living on your own now  You must know the rights and responsibilities.

Fair Housing Napa Valley ---- Beware of Foreclosure Rescue Scams 601 Cabot Way Napa, CA Ph: (707)

Fair Housing and Ethical Practices. Civil Rights Act of 1866 – first effort to guarantee equal housing for all. Prohibits discrimination on basis of race.

Teacher Instructions 1.Print the lesson, 2.Display slides 2 and 3 with Procedure steps 1 in the lesson. 3.Display slide 4 with Procedure step 2. 4.Display.

Verification SY Objectives Identify the steps required for Verification. Calculate an accurate sample size and verify the correct number of applications.

 moving-in costs can include:  ■ Rent for first month  ■ Rent for last month  ■ Security deposit  ■ Utilities deposit  ■ Telephone deposit.

Employment Laws. Introduction The federal government has enacted many laws to protect workers. The Department of Labor is responsible for enforcing labor.

© 2006 Consumer Jungle Landlord Tenant Law. © 2006 Consumer Jungle Importance of Landlord Tenant Law You’re living on your own now You must know the rights.

Iowa Civil Rights Commission Disclaimer The information contained in this presentation is a brief overview and should not be construed as legal advice.

Name ___________ Date____________ Credit and Debt-Personal Finance pg

RENTING CALM 20. What is rent? Rent: The payment a tenant makes to the landlord, usually each month, for the right to live in that apartment or house.

Tenant Background Checks Chapter Chapter – Mandatory Background Checks All persons 18 years of age or older who newly occupy a rental unit.

Tenant Background Checks Chapter Chapter – Mandatory Background Checks All persons 18 years of age or older who newly occupy a rental unit.

OBJECTIVE 2.02 ANALYZE FINANCIAL AND LEGAL ASPECTS OF RENTING.

© Family Economics & Financial Education – November 2005 – Housing Unit – Securing a Living Space Funded by a grant from Take Charge America, Inc. to the.

Wisconsin Department of Public Instruction Child and Adult Care Food Program Child Care Institutions Outside of School Hours Care Centers Maintaining the.

© 2006 Consumer Jungle Importance of Landlord Tenant Law You’re living on your own now You must know the rights and responsibilities of –The tenant (that’s.

BANKING SERVICES Ch. 7.3 Granting & Analyzing Credit.

Learning About Credit Advantages and Disadvantages.

Building: Knowledge, Security, Confidence A Roof Over Your Head FDIC Money Smart for Young Adults.

Credit. What is credit? Borrowing $ to use today, with the promise to repay in the future.

Credit Law in Society Objective: To understand the use of and acquisition of credit.

Your First Apartment  On one side of a piece of paper make a list of everything you would want in an apartment…. cost is NOT a factor, but you may not.

Section 6-4 Credit Cards: How to Protect them. Fair Credit Reporting Act Forbids credit agencies from giving up incorrect information.

Chapter Work Related Forms and Laws Ms. Dinnella.

© 2006 Consumer Jungle Landlord Tenant Law. © 2006 Consumer Jungle The Players Tenant: Somebody who rents a house or apartment for a fixed period of time.

The Association Decision.  Balances over six months not reimbursed  Loss to association revenue ◦ Picked up by other homeowners ◦ Requires a decrease.

Financial Law Coach Johnson Understanding Business and Personal Law.

Infant Meal Requirements 1. Claiming infants (0-12 months) is optional for agencies BUT at least one type of iron-fortified infant formula and infant.

Your First Apartment  Make a list of everything you would want in an apartment…. cost is NOT a factor.  Look online to find an apartment that closely.

1. Lorin is very careful when writing checks. Which check writing procedure does she use to avoid negligence when writing a check? A. Changing the figures.

College lesson four about credit.

Play the game of credit to better meet your personal and financial goals. Credit Scoring & Wealth the Game Carl Spiteri 6333 Greenwich Dr. Suite 200 San.

Know Your Rights! Fair Housing is for everyone. A landlord can refuse to rent to a person because he or she is a student. A.True B.False.

Verification SY Objectives Identify the steps required for Verification. Calculate an accurate sample size and verify the correct number of applications.

W-4 Form Used to determine the amount of income tax withheld from paychecks “Dependents” – Someone who lives with you – Provide for over 50% of their living.

Chapter 28 Notes. WHY RENT?WHY BUY? Don’t forget that taxes, closing costs, fees, etc. will also be included! You will pay more than what you see here!

G1 © Family Economics & Financial Education – Revised March 2008 – Paychecks and Taxes Unit – Understanding Your Paycheck Funded by a grant from.

G1 © Family Economics & Financial Education – Revised March 2008 – Paychecks and Taxes Unit – Understanding Your Paycheck Funded by a grant from.

Applied Business Practices Final Exam Review. Credit –Borrowing money with the promise to repay in the future Installment Loan –Loan in which you make.

Credit and Debt. Answer the following on paper. 1. What do people use credit cards for? 2. Should high school students be given credit cards? Why or why.

MAINTAINING A GOOD CREDIT RATING. CLAUSES AND CONTRACTS Contract - read what you sign Preapproved - the bank will allow you to buy the item  Only you.

CHAPTER 26 – HOW TO GET AND KEEP CREDIT What I need to know…

Teens Credit- Day 3 Independent Living December 2, /09.

Teens lesson seven credit presentation slides 04/09.

You can type your own categories and points values in this game board. Type your questions and answers in the slides we’ve provided. When you’re in slide.

© 2006 Consumer Jungle Landlord Tenant Law. © 2006 Consumer Jungle Importance of Landlord Tenant Law You’re living on your own now You must know the rights.

Renting BASIC TERMS, RIGHTS, AND RESPONSIBILITIES.

PASSAIC COUNTY: EXPANDING FAIR HOUSING OPPORTUNITIES AND FAIR HOUSING COMPLIANCE APRIL 17, 2015 PASSAIC COUNTY PUBLIC HOUSING AGENCY JANICE DEJOHN, EXECUTIVE.

Budget: a plan for managing income and expenses Expenses: Money that is required to be paid once a month Fixed Expenses: expenses which usually do not.

You Have The Right To Choose Where To Live! Rene Gallor Housing Counselor.

Personal Finance Section Credit and Debt. Personal Finance Section Credit gives extra punch to your purchasing power; but reckless handling of credit.

Your First Apartment  On one half of a piece of paper make a list of everything you would want in an apartment…. cost is NOT a factor.  Look through.

LAW IN AMERICAN SOCIETY RENTING AN APARTMENT. 1.tenant: person who rents the space 2.landlord: the person who owns the space.

The Costs and Methods of Obtaining Credit Morgan Napier and Kaitlin Nelke.

Your First Apartment WEBSITES NAME OF APARTMENT COMPLEX

The “Perfect Application”

Objective 2.02 ANALYZE financial and legal aspects of renting.

Renters Have Legal Rights

Living on your own.

Objective 2.02 ANALYZE financial and legal aspects of renting.

Navigating the Verification Process A Diagram for Households

HOME Line Minnesota Coalition for the Homeless Conference

Renting an Apartment or House

Securing a Living space

Securing a Living space

Presentation transcript:

TENANT SCREENING TIPS FOR CHOOSING GREAT RENTERS Laura O’Leary

Why Do I Need to Screen an Application? It will make everyone’s life easier--yours and the renter’s You will be more likely to keep your current renters o No one wants to live next door to a problem property To avoid becoming a nuisance property

Three Things You are Looking for in a Renter Someone who can afford to pay the rent Will they take good care of your property? A good neighbor to other tenants

Pre-Set Your Criteria Provide written criteria to the applicant o Stable verifiable source of monthly household income equal to three to four times the amount of rent o Credit check o References from previous landlords o Background check

The Application Use a written application Every adult completes an application Get a copy of their photo ID Process the application quickly

Processing the Application Household gross income should be at least times the amount of rent in a month. Example $700 rent needs: o $2100 -$2800 gross per month o $525-$700 / week, o $12-$17.50 / hour full time o $25,000-$36,000 per year. VERIFY EVERYTHING by calling the employer directly, ask for paycheck stubs. tax returns, written statements from the Social Security office, child support documents, etc.. Credit Report: look at previous addresses, previous names, items in collection, mortgage payments, large balances owed on credit cards, etc. Call ALL previous landlords after verifying they really own the address Iowa Courts Online for Iowa renters, background checks now available through SAFE-CR Check the Iowa Sex Offender Registry and any national sex offender registry Personal References? Google, Facebook, Twitter, etc.

Decision Time Look at the whole picture Everyone is “nice” Some have sad stories and need help Rent to family / friends? Use your head not your heart

Know and Understand Fair Housing Laws Iowa Protected Classes: Race, Color, Creed, Religion, National Origin, Handicap, Familial Status (presence of children), Sex, Gender Identity. Cedar Rapids has added: Age, Sexual Orientation, and Marital Status

Turning Your Applicant Down Decline the PAPERWORK, not the PERSON. You do not have to give a specific reason Letter required if the decision is based on credit report

In Conclusion Verifying application = an hour or two over 48 hours Evicting a bad renter = weeks of time, lost rent, damages, headaches