Monday, April 25, 2011

Tenant Screening for Real Estate Agents

Tenant Screening for Real Estate Agents

Real Estate agents may not have access to a Tenant Screening Service. This is often the case in small offices or in offices that don't do many residential rentals.

Real Estate Agents who need to run a tenant credit, criminal history and obtain a credit score on an applicant may simply use the RentLaw.com Tenant Screening Service available through

http://rentlaw.mysmartmove.com

There is NO COST to set up a property you are managing or leasing for the owner.

Real estate agents may simply create an account at:

http://rentlaw.mysmartmove.com

You should select the LANDLORD option and create an account.

You can setup and manage multiple properties under one account.

Once the properties are setup (only takes a few minutes), when an applicant comes in, you may still take a traditional paper application (available here on RentLaw.com http://www.rentlaw.com/forms/rental-application.htm ).

To use the rentlaw.mysmartmove.com tenant screening service, you will need the applicant's email address.

You login to your landlord account, select the property the applicant is applying for and enter in the email address of the applicant.

At this time, you will select who will pay for the report - The Landlord or The Tenant.

You may want to pay for it as the Landlord, then collect the fee from the tenant. This makes it easier and doesn't delay or scare off the tenant. Only collect an application fee if you are permitted by state law. In most states, you may not charge MORE than what the actual report cost.

Tell the applicant they will receive an email that they should open and follow the instructions to complete the tenant screening process.

Once they complete and submit their information, you will receive notification along with their score, credit history, criminal history and scoring recommendation.

Real estate agents will find this service quick and reliable. RentLaw.mysmartmove.com is powered by the TransUnion - a trusted name in the credit history industry.

How do we know it works - we are landlords, real estate agents and property managers.

Try it. There is no obligation.

Thank you,

The RentLaw.com and TenantFacts.com Tenant Screening team.

Tuesday, April 19, 2011

Security Deposit Guide

Note: These are summaries of State Landlord Tenant Security Deposit Laws.

Detailed Security Deposit information may be found on RentLaw.com The National Landlord Tenant Guides http://www.rentlaw.com/securitydeposit.htm .


Note: GUIDELINES typically apply leases of 1 year or more. Each state may have different security deposit laws. Generally "Short Term" agreements do not apply. Short Term may be defined as Seasonal Rental (Winter, Summer, etc), student housing (semester), dormitories, hotels or rooming houses.


Before you move in, do a walk through (pictures) and note any damages and condition of the rental. The move-in list should be referred to when you leave.
When you leave the apartment (or other rental) do a walk through with the owner or property manager. Take pictures and both agree to any damages or to the condition of the rental. See our Normal Wear Tear Guide.