Comments on: A Landlord’s Guide to the Fair Credit Reporting Act http://www.twowiseacres.com/property-management/a-landlord%e2%80%99s-guide-to-the-fair-credit-reporting-act/ In Pursuit of the American Dream Wed, 01 Feb 2012 11:36:08 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Rob Tillman http://www.twowiseacres.com/property-management/a-landlord%e2%80%99s-guide-to-the-fair-credit-reporting-act/comment-page-1/#comment-1541 Rob Tillman Fri, 01 Aug 2008 22:38:35 +0000 http://www.twowiseacres.com/2007/12/24/a-landlord%e2%80%99s-guide-to-the-fair-credit-reporting-act/#comment-1541 As a landlord, how can I report my tenant's EXCELLENT payment history? They've been great tenants & never missed a payment. (for over 7 years) They are about to buy a house & I want to give them a pat on the back for always being good folks to me. Everything I find tells me I have to have more than one account to submit to the 2 agencies & I have to have special software. As a landlord, how can I report my tenant’s EXCELLENT payment history? They’ve been great tenants & never missed a payment. (for over 7 years) They are about to buy a house & I want to give them a pat on the back for always being good folks to me. Everything I find tells me I have to have more than one account to submit to the 2 agencies & I have to have special software.

]]> By: landlord and tenant act http://www.twowiseacres.com/property-management/a-landlord%e2%80%99s-guide-to-the-fair-credit-reporting-act/comment-page-1/#comment-1512 landlord and tenant act Wed, 30 Jul 2008 03:43:41 +0000 http://www.twowiseacres.com/2007/12/24/a-landlord%e2%80%99s-guide-to-the-fair-credit-reporting-act/#comment-1512 [...] Credit Reporting act requirements for landlordinvestors with sample form tenant denial letterhttp://www.twowiseacres.com/2007/12/24/a-landlord%e2%80%99s-guide-to-the-fair-credit-reporting-act/How to Buy to Let Find out everything you need to know about buy to let. Learn what to buy, where to [...] [...] Credit Reporting act requirements for landlordinvestors with sample form tenant denial letterhttp://www.twowiseacres.com/2007/12/24/a-landlord%e2%80%99s-guide-to-the-fair-credit-reporting-act/How to Buy to Let Find out everything you need to know about buy to let. Learn what to buy, where to [...]

]]> By: Mike-TWA http://www.twowiseacres.com/property-management/a-landlord%e2%80%99s-guide-to-the-fair-credit-reporting-act/comment-page-1/#comment-1207 Mike-TWA Sat, 07 Jun 2008 15:34:28 +0000 http://www.twowiseacres.com/2007/12/24/a-landlord%e2%80%99s-guide-to-the-fair-credit-reporting-act/#comment-1207 Greg, Good questions. You do indeed have the right to select among multiple applicants. However, you are prohibited from discriminating based on certain criteria under federal and state law. The most obvious restriction, for example, is discrimination based on race. However, state fair housing laws may also impose restrictions that may not be as obvious, such as qualifying a tenant based on family status (kids/no kids, etc.) which might require a little more research on your part to determine the requirements of your state's laws. One other thing: while your intention is obviously not to discriminate based on impermissible criteria such as race, having well-defined written financial criteria (income and credit requirements) will go a long way to prevent someone from making a claim of discrimination based on a rejection. Best of luck! Greg, Good questions. You do indeed have the right to select among multiple applicants. However, you are prohibited from discriminating based on certain criteria under federal and state law. The most obvious restriction, for example, is discrimination based on race. However, state fair housing laws may also impose restrictions that may not be as obvious, such as qualifying a tenant based on family status (kids/no kids, etc.) which might require a little more research on your part to determine the requirements of your state’s laws. One other thing: while your intention is obviously not to discriminate based on impermissible criteria such as race, having well-defined written financial criteria (income and credit requirements) will go a long way to prevent someone from making a claim of discrimination based on a rejection. Best of luck!

]]> By: Greg http://www.twowiseacres.com/property-management/a-landlord%e2%80%99s-guide-to-the-fair-credit-reporting-act/comment-page-1/#comment-1203 Greg Wed, 04 Jun 2008 18:01:03 +0000 http://www.twowiseacres.com/2007/12/24/a-landlord%e2%80%99s-guide-to-the-fair-credit-reporting-act/#comment-1203 Do I have the right to select what I consider to be the "most qualified" applicant from a pool of applicants? Can I specify an application period of one or two weeks to ensure that I wind up with multiple applicants or must i rent to the first qualified applicant? And who determines what "qualified" means? My apologies if you've answered this question elsewhere. I just stumbled across your site and I'm only up to December in the archives. Great info so far! Do I have the right to select what I consider to be the “most qualified” applicant from a pool of applicants? Can I specify an application period of one or two weeks to ensure that I wind up with multiple applicants or must i rent to the first qualified applicant? And who determines what “qualified” means?

My apologies if you’ve answered this question elsewhere. I just stumbled across your site and I’m only up to December in the archives. Great info so far!

]]> By: Living Off Dividends http://www.twowiseacres.com/property-management/a-landlord%e2%80%99s-guide-to-the-fair-credit-reporting-act/comment-page-1/#comment-324 Living Off Dividends Wed, 09 Jan 2008 21:57:53 +0000 http://www.twowiseacres.com/2007/12/24/a-landlord%e2%80%99s-guide-to-the-fair-credit-reporting-act/#comment-324 also check out "landlording: a handyman's guide to scrupulous landlording" also check out “landlording: a handyman’s guide to scrupulous landlording”

]]> By: ConnieBrz http://www.twowiseacres.com/property-management/a-landlord%e2%80%99s-guide-to-the-fair-credit-reporting-act/comment-page-1/#comment-260 ConnieBrz Tue, 25 Dec 2007 19:46:26 +0000 http://www.twowiseacres.com/2007/12/24/a-landlord%e2%80%99s-guide-to-the-fair-credit-reporting-act/#comment-260 Holy Flashback, Batman~ It's the FCRA!! I still suffer flashbacks about that puppy :P Excellent article... and on Christmas Eve, too~ I'm impressed :) Holy Flashback, Batman~ It’s the FCRA!! I still suffer flashbacks about that puppy :P

Excellent article… and on Christmas Eve, too~

I’m impressed :)

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