Angry Tenant Kills Four People in Seoul apartment building
It wasn’t a good day to be a tenant or a landlord in Seoul, Korea. A jobless man set fire to his apartment on the third floor of a five story studio apartment building. The blaze damaged the building, injured seven people people and killed four. The angry tenant apparently attacked fleeing tenants as they […]
Background Checks on Tenants in Texas
Increasingly, cities across the United States are considering new laws to govern apartment complexes, including new regulations mandating criminal background checks on tenants. Irving City, Texas is the next big city who’s city council is considering a sweeping proposal of reform. Landlords also would be required to conduct criminal background checks on all new tenants […]
Renters and tenants are victims of mortgage crisis
Have you received an eviction notice even though you have paid your rent on time? Chances are that the property owners are in foreclosure. According to CBS, renters and tenants in Los Angeles are getting evicted in record numbers due to foreclosure by the owners of the property. 35,000 housing units are currently in default within […]
Tenant Screening Program helps Bite Crime
Sometimes landlords and property managers can take a bite out of crime when they run criminal background checks on their prospective tenants. In addition to running tenant credit reports for financial history, landlords are now running criminal records searches to make sure their tenants don’t have a history of violance or are currently out on […]
Criminal Background Checks are part of Tenant Screening
Owners and property managers of large low-income properties are facing increasing pressure to regulate and improve the safety of their complexes. With the advent of the 24 hour news cycle and the availability of the Internet, the crime and safety levels are increasingly transparent in most residential communities, as bad news is publicized all the […]
Tenant Reps role changing in tighter economy
Tenant Representation Brokers across the country are taking on more advisory roles in the face of a tigher economy. They are increasingly helping their client find deals on real estate and managing the expenses involved in searching for commercial leasing, as well as build out construction. Tenant Reps are helping with negotiating the lease of real estate with the building owners, and can help clients […]
Require Your Tenants to get renters insurance
According to a survey by Allstate insurance, 60% of tenants nationwide do not have renter’s insurance. The cost of renter insurance is very cheap, usually $15 to $20 per month, and within the price range for most tenants who are not absolutely destitute. Some landlords are requiring their tenants to carry renter’s insurance because it protects the landlords cash flow. […]
Building gets makeover with tenant screening
Creative Management in Columbia, South Carolina has received some positive press for instituting a new tenant screening and eviction program at the Broad River Terrace apartment complex. The building has 103 units and had a reputation for violence, criminal and gang activity. The new owners instituted a strong tenant screening program after taking ownership in 2003, and crime […]
Chicago tenants may get protection against foreclosure evictions
Chicago tenants who face eviction due to landlord foreclosure may receive some additional assistance from City Hall. The plan is being put forth by the Chicao mayor Daley, which will provide up to three months of rent and moving expenses for tenants affected by the landlord foreclosure. The new bill is also looking to expand […]
Screening Tenants for Criminal Activity
The importance of maintaining a safe living environment for your tenants cannot be stressed enough, specifically with regard to criminal activity. According to Amerilawyer.com, “A landlord can be sued for failing to take at least minimal steps to alleviate the risk posed by a violent tenant, a Court has ruled.” The court action’s purpose was […]
