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The Importance of an Accurate Rental Application

American Apartment Owners Association

The importance of a thorough and accurate rental application cannot be overstated. A comprehensive rental application can protect you from undesirable tenants and future problems, such as evictions and damage to your investment property. A Comprehensive Application to Rent is available on the AAOA web site at no charge to all members.

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How to Keep Your Tenants Safe

American Apartment Owners Association

A tenant screening report , including criminal reports, must be run on each rental applicant so that lawbreakers will not become tenants and become a threat to their neighbors. The applicant should also investigate the neighborhoods crime statistics. Landlords should also report suspicious activity to the authorities.

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Don’t Get Scammed: Know About the Fair Housing Act 

American Apartment Owners Association

it is illegal to refuse to rent to an applicant who is receiving assistance through the Section 8 program. CHAT WITH AN ATTORNEY What is a Section 8 voucher? Scammers may create fake rental listings on sites like Craigslist and pressure Section 8 applicants to pay a deposit without seeing the unit. Need Legal Help?

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11 Steps to Take Before and During Leasing Season to Maximize Profit and Efficiency

Appfolio

Check Up On Your Application Process. If you don’t currently offer the ability to apply for your vacancies using an online application , it’s time to seriously consider it; more than half of rental property managers report an expectation by renters that they can fill their applications out online. During Leasing Season.

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Big US Cities Challenge Algorithmic Rents

American Apartment Owners Association

The Wall Street Journal reported the Justice Department’s lawsuit against RealPage, filed with the support of eight state attorneys general, accuses the company of illegally using confidential data to set rents, driving up prices in violation of antitrust laws. With housing costs soaring nationwide, lawmakers are under pressure to act.

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BOI Reporting: Corporate Transparency Act Update

Yardi Breeze

The end of the first reporting deadline is January 1, 2025 (applicable to businesses formed before January 1, 2024). Erica Hanichak, government affairs director at the Financial Accountability and Corporate Transparency Coalition, is telling businesses they should still file their information. The deadline itself hasnt changed.

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Understanding HOA finances: A practical guide for association managers

Buildium

You’ll also need to budget for attorney fees. Whether it’s consulting with outside counsel on things like emotional support animal (ESA) applications, handling delinquencies, or managing collections, legal costs can add up. They can usually do this either in one lump sum or through regular installments.

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