PolicyLink’s Post

Evaluating renters for homes and apartments is hard. Really hard. It has been my experience that traditional mechanisms like credit scores and criminal records have minimal or no ability to predict whether or not someone will be a "good" resident. I've had sleepless nights because of nightmare residents who sailed through the application process because they looked like model renters in every way; and I've had renters with shockingly bad credit pay their rent early every month for a decade and respect their unit as if they were owners. No easy and foolproof button will consistently pick good residents. Newer approaches to screening show promise, but we need to stay on top of these, and as users of these systems, we all need to be aware of whether they're working - or not. It's not enough to just have the system in place. You need to measure whether or not it's performing its role effectively and not just providing the illusion of screening. Careful and transparent evaluation of systems and disclosure of performance by the companies building them is invaluable and a fantastic starting point. In addition, I'd love to see a comparative evaluation of performance across the vendors in this category, judged by rental outcomes - the likelihood of eviction, the likelihood of significant unit damage, etc. The screening platforms that are actually dropping value to the bottom line for the landlord will shine and grow as a result. Critically, we always need to remember that everyone needs a place to live. It's not the responsibility of every landlord to rent to every tenant, but we do have to make sure that no one is frozen out of the housing market and that there are paths to housing available for those who struggle with the application process. Most of the systems today are geared towards a yes/no response, and value is often perceived as being delivered through the rejections. Perhaps a measure of risk and a decision path through various risk-mitigating lease structures might be more appropriate. That said, it is easy to muse and hard to figure out how that actually comes to life in a practical, usable way. Kudos to the always thoughtful Patrick Sisson for a great piece on this topic in Bloomberg. Glad to be able to contribute to the article. https://lnkd.in/gVUnNE5k #renters #landlords #realestate #multifamilymanagement

🚨 Rising Eviction Rates Alert 🚨 Tenant evictions remain elevated in many U.S. cities, with areas like Las Vegas, Houston, and Phoenix experiencing significant increases. According to Princeton University's Eviction Lab, filings are up 35% or more compared to pre-2020 norms. 📊 With rising rents and economic pressures, many renters are struggling to keep up. At Property Shield, we are dedicated to protecting property managers and tenants alike from fraudulent activities and ensuring smoother rental processes. Stay informed and protected. #PropertyManagement #EvictionCrisis #RealEstate #FraudPrevention

Very kind of React News to quote me in this article. The need to expand the supply and availability of private rental housing in the U.K. is unarguable - however the financial impetus behind such a long-term growth in stock has to come from somewhere! Clearly (as the Institute For Fiscal Studies reminded us this week) stimulus and funding can’t come from Government in the short or medium term. Buy-to-let investment from private individuals is currently, rightly or wrongly, neither being welcomed by policy-makers nor is it particularly viable. So private, institutional funding of new rental housing is the only option on the table. And when done well (which it usually is) such accommodation results in the best product and best outcomes for tenants. Britain needs more #singlefamily & #multifamily housing - the more supply we get, the more affordable it will become. Far from being controversial, institutions & private equity need to be welcomed, encouraged & enabled to do more. As one of the top managers of #buildtorent housing in the country, Allsop Letting and Management have a unique perspective on the sector. If you’re looking at a #BTR opportunity, or just want to have a chat, do drop either Matthew Smith Andy Pointon or myself a line.

The 2024-2028 residential housing market is expected to have more inventory and greater transaction volume. We also anticipate a stabilization in rental markets. Factors like the shift towards hybrid work, rising car ownership costs, the impact of AI, and climate change are all likely to play a role in shaping the future of residential properties. Buyers, sellers, and investors will need to navigate the new market dynamics with a carefully crafted strategic plan in the years ahead. If you need assistance with a residential real estate transaction, contact one of our real estate attorneys at 847-381-0011 or email us at attorneys@buckleyfinelaw.com. To learn more, read this overview of trends from US News & World Report: https://bit.ly/4bm63rH #BuckleyFineLaw #IllinoisLawFirm #Barrington #LawFirm #HousingMarket #RealEstateTrends #ResidentialRealEstate

What's the difference between a "Low-Barrier" and a "Landlord Choice" screening criteria? How long must a publicly listed rental home be on the market before the landlord can begin accepting applications? What is an individual assessment and when does it apply? Are Portland landlords required to accept tenants with Section 8 vouchers? Check out this week's blog for the answers. #livingroomrealty #portlandpropertymanagement #portlandrentals https://lnkd.in/gc46Ndqq

This change aims to provide more security for tenants by requiring landlords to justify evictions with valid reasons. #NSWRealEstate #LandlordRights #TenantProtection #PropertyInvestment #RentalMarket #HousingCrisis #InvestmentProperty #RentalShortage #NoGroundsEviction #TenantSecurity #RealEstateNews #NSWLegislation #RentalReforms #PropertyLaw #InvestorConcerns #RentalMarketTrends #HousingPolicy #TenantRights #LandlordIssues #NSWHousing

The Department of Justice is taking a bold step to reform real estate practices by advocating for the elimination of cooperative compensation. This initiative is designed to increase market transparency and competition, which could lead to reduced transaction costs and more affordable housing options. This change could significantly impact realtors and enhance consumer empowerment, potentially transforming the real estate landscape. Professionals across the industry, let's engage in a discussion on how these proposed changes might affect our practices and the market at large. #RealEstateReform #AffordableHousing #IndustryInnovation

Debunking the ‘Abolish Landlords’ Narrative: A Landlord’s Perspective: https://lnkd.in/eNB2FAYB 📍 Find Us @WestcleanUK: https://lnkd.in/erfNMvHu #cleaningservices #facilitiesmanagement #propertymanager #commercialcleaning #property #housingmarket #professionalcleaning

Why Landlords in Nashville Should Always Do a Tenant Background Check Don't risk bringing in troublesome tenants. Always do a tenant background check! Here's what these reports reveal and how they aid tenant screening. https://lnkd.in/eR3HKPxy #leasenashville #nashvillepropertymanagement #propertymanagement101 #landlordtips #propertymanager #realestateinvestors #propertyinvestor

Tenant screening software has many advantages for multifamily landlords. It streamlines previously paperwork-intensive labor and is intended to reduce evictions, fend off application fraud, and reduce costs. However, tenant advocacy groups are challenging the rise of screening software in multifamily, leading to several recent legal actions. Check out my latest Propmodo piece, discussing criticisms of tenant screening software, recent U.S. Department of Housing and Urban Development guidance on screening systems, and possible alternatives to standard methods. Thanks to Jonas Bordo, Co-Founder & CEO at Dwellsy and author of "Everything Renting," for insights for the article. #commercialrealestate #multifamily #realestateindustry https://lnkd.in/eyPp7esr