LAKE OSWEGO, Ore., April 24, 2014 /PRNewswire/ -- National Tenant Network representatives will lead an educational session at the NARPM Eastern Regional Conference in Baltimore this week, titled "How to Select a Qualified Renter." Presented by Russell Smith, NTN National Sales, Regina Kaupanger, NTN Arizona, and John Spafford, NTN Indiana, the program has been specifically designed to help property managers better understand Fair Housing Laws, FCRA regulations and the rights of consumers. NARPM members will also learn how to best identify criteria critical to tenant selection.
It is estimated that only 5% of all renters cause 100% of the losses to property owners. Identifying those individuals requires a level of expertise that most investors lack. Experienced property managers know that the best method for choosing tenants involves properly screening each applicant with a company specializing in tenant selection, such as NTN. The criteria for tenant selection should not be based solely on a credit score. As Regina Kaupanger from NTN's Arizona office notes, "tenant worthiness is not just credit-worthiness." The applicant's credit report is only one piece of the evaluation puzzle. National Tenant Network has developed reports that combine the information from an applicant's credit history with relevant tenant performance information. These reports enable NTN subscribers to reduce the risk of income loss and increase the likelihood of positive cash flow from rental properties. In addition, a consistent approach to applicant screening ensures that Fair Housing requirements are met and proper documentation is maintained.
National Tenant Network's suite of leasing tools enables the efficient management of risk, through sound tenant choices, backed by the most accurate data in the industry. NTN has been serving investors for more than 25 years, partnering with property owners and managers across the country to keep vacancy rates low with a high probability of satisfaction in tenant selection. To locate the National Tenant Network office nearest you, visit www.ntnonline.com or call 800.228.0989 for additional information.
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