APSCREEN Develops New Fico Score Service by Phone that Provides Easy and Affordable Residential Tenant Screening for Small Portfolio Owners and Proper
*** Our favorite Tenant Management Books ***
|
|
|
|
|
Rancho Santa Margarita, CA (PRWEB) November 3, 2008 -- Changes in the Fair Credit Reporting Act (FCRA) and the Fair and Accurate Credit Transactions Act (FACTA) have mandated that all Consumer Reporting Agencies (CRAs) hire a third-party inspection service before allowing access to credit reports for Tenant Screening purposes. As a result of additional site inspection fees, small property managers and many residential income property owners found the new laws to be cost prohibitive in obtaining traditional credit reports.
In response to this need from the residential tenant screening market, APSCREEN, a CRA since 1980, has developed a service that provides FICO® scores by phone called Rate-a-Renter (visit http://www.Rate-a-Renter.com) that stays well within compliance guidelines and does not require a site inspection and associated membership costs for new accounts.
Tom Lawson, CEO, comments on why a FICO® score is a good place to start when screening prospective tenants, "We've developed a scoring model based on FICO's model of 300-850 making it relatively simple to decide about prospective tenants - which is available on our website at http://rate-a-renter.com/scoringmodel.htm. More detailed credit reports are of course available through formal subscribership. In essence, this is a great tool for the occasional user.
"The classic FICO® credit risk scoring model has gained widespread acceptance as the industry-standard measure of consumer credit risk. For anyone who doesn't know what a FICO® score is, they can go to the fair isaac website at http://www.fairisaac.com/ficx/Products/scoring/FICO-Scores.html for a description."
Access to Rate-a-Renter services is an easy, no cost process to sign up or maintain an account. You must disclose to the applicant that you plan to obtain a credit report as part of the tenant qualification process as well as acquire a signature for permissible purposes. The APSCREEN customer can then simply dial a toll-free telephone number, punch in their account number and applicant's Social Security number, and within 2 minutes receive a FICO® score.
Founded in 1980, APSCREEN, aka the Applicant Screening Company of America, is based in Rancho Santa Margarita, California and is the originator of the factual employment-screening and tenant qualification concepts (www.APSCREEN.com). APSCREEN is also a Consumer Reporting Agency and provides tenant qualification services for both commercial and residential markets. APSCREEN also offers employee pension locate services at www.employeelocator.com. More information is available by calling toll-free (800) 277-2733.
###
This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.
|
|
 |
 |
|
Know The Benefits And Answers To Real Estate Investing FAQ
It's all about starts at the end; when you begin a real estate investing remember to commence with the end in mind, as you start down the path to beginning real estate investing. That means you need to have a goal. What you would like your real estate investing activities to provide for you, Spend some time thinking about exactly what you want to accomplish. Don't think only in financial terms. Consider what kind of lifestyle you would like to have, how much time you want to put in, and where and how you want to live. Be specific, and write down your goals. When you can see them clearly in your imagination, you're well on your way to achieving them. Creating a detailed goal plan is half the fun of beginning real estate investing.
Real Estate Investing Skill Acquisition
Real estate investing is not in any list of high school electives. You can't get an accredited degree in real estate investing.
Make Finding a Property Management Co. Easier on Yourself by Asking the Right Questions, Part 2 of 4
This is part 2 of a 4 part series where we have outlined important questions to ask a property management company before hiring them
Series 1 Companies Credentials
Series 2 Property Management Services
Series 3 Property Management Fees
Series 4 Tenant Screening Process
Property management companies come in all sizes, capabilities and expertise
What a Property Manager Can Do For You
Are you a property investor who is planning on renting the property out If the answer to this question is yes then you will be one of the many people who are in need of a property manager
Palmdale Homes For Sale Pennies On The Dollar
Real estate investing 5 tricks to make it big with real estate investing
Why Property Management is Such a Good Idea
The term property management refers to an agreement between a landlord and a property management company It is the operation of commercial, industrial and residential real estate
How To Choose The Best Real Estate Investing Web Site
With the current real estate market slump, there are more motivated sellers than ever before who are looking to get rid of their houses
A lot of these are profitable deals, but at the same time, lots of them cannot be profitable dealsfor the majority real estate investors
Real Estate Investing - Books,TV Infomercials, and Seminars
Real estate investing has become popularized today because of real estate investing TV infomercials and traveling seminar circuits. But real estate investing has not always been so popular.
Property Management Network Inc. Announces New Business Website
New business website and alliances with a vast network of service provider.
All about Real Estate Investing Book
Real Estate Investing is no longer the special past time of wealthy businessmen. In today's world real estate has become a common financial motion for people from all walks of life. This trend will likely to continue to perform will into the predictable future. This change is due to elimination and concentration on company pension plans. Personal investing guide has replaced these plans as the preferred way to plan for retirement
Wholesaling Real Estate in Today's Market Has Never Been Easier
Underground House Flipping Maverick, Chris Chico, is teaming up with Free REI Webinars to teach real estate investors how to wholesale property without leaving the home.
How Property Management Companies Work
With the recent debacle in the housing market many investors now find themselves landlords and in desperate need of a property management company A property management company can be the perfect solution for those that never intended on being a landlord and have no clue on what it takes to manage a property, or it can be for the savviest landlord who just wishes to keep his distance from his tenant
Real Estate Investing in Rentals – the $10 Million Real Estate Investing Mistake
Renting to tenants is no longer "where the money is" for real estate investing. I became a multi-millionaire landlord in the 1980s by buying $10 million in rental houses.
Tips for Finding the Best Free Real Estate Investing Newsletters
As the editor of a free real estate investing newsletter, it's no wonder that I receive a lot of requests from beginning and experienced real estate investors both on where to go on the web for free information on real estate investing. While researching on the internet, visiting real estate forums, and reading articles written by experts can be a great use of your time, to me there's nothing better than subscribing to a number of free real estate investing newsletters.
Property Management Fees
If you own rental property and you do not live close to it or simply don't want to deal with being a 'landlord' you may want to consider hiring a property management company A property management company can help you with every aspect of managing your property and ensure that your potential tenants and renters are put through the proper application process, pay their rent on time, and have someone to call to take care of matters that arise in a timely fashion
|
 |
|
