Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Real Estate News & Current Events
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 6 months ago on . Most recent reply

User Stats

1,023
Posts
1,016
Votes
Gregory Schwartz
  • Rental Property Investor
  • College Station, TX
1,016
Votes |
1,023
Posts

Apartment policy not to provide rental history

Gregory Schwartz
  • Rental Property Investor
  • College Station, TX
Posted

We are in the process of screening a tenant which of course includes verifying rental history. We ask simply questions, like were they late, did they have lease violations, outstanding debt and would you lease to the tenant again. But we were told Graystar management has a policy that they don't disclose any rental history even with a signed release of info by the tenants?! This same PM company requires tenants to provide verifiable rental history?!?

I've been in PM for the last 5 years... has this always been a thing with Greystar? And if so, this sounds like the most hypocritical practice, we require but don't provide rental verification. 

business profile image
Schwartz Realty Group
5.0 stars
72 Reviews

Most Popular Reply

User Stats

18,540
Posts
15,975
Votes
Chris Seveney
  • Investor
  • Virginia
15,975
Votes |
18,540
Posts
Chris Seveney
  • Investor
  • Virginia
ModeratorReplied
Quote from @Gregory Schwartz:

@Chris Seveney really, you think it's ok if all the apartment complexes stopped sharing rental history? 

Would you approve applicants without a verified rental history? 
Doesn't this hurt the tenants trying to move to a better location or larger home for their family? 

I have to deny this family who is otherwise likely very qualified. My unit sits vacant longer and this poor family will struggle to find a good place to live. We all know the type of landlords that dont screen tenants, they're horrible and usually dont take care of their properties. So what kind of living conditions will this family end up in? 

I really hope it's not a policy that becomes widespread.  


 Would I approve them without a verified tenant history - nope. Does it hurt them, it could but they also could provide a bank statement showing their payment every month. You can also pull credit report, see if they are being sued etc. There are other avenues to review but I agree past rental history is important (disclosure I have 15+ doors right now)

If you feel bad for them then rent to them.

My point is its corporate america and you are blaming the wrong person - you are blaming the corporation but you should be blaming the politicians who create an environment that is tenant friendly and sue happy. 


It is the same reason why for the past 15 years we were always advised to never provide a work recommendation to a former colleague whether they left on good terms or bad terms. The response was always "its company policy not to provide feedback or recommendations and just confirm they worked here from X to Y"

  • Chris Seveney
business profile image
7e investments
5.0 stars
16 Reviews

Loading replies...