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User Stats

805
Posts
853
Votes
Gregory Schwartz
Agent
  • Rental Property Investor
  • College Station, TX
853
Votes |
805
Posts

Apartment policy not to provide rental history

Gregory Schwartz
Agent
  • 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. 

User Stats

16,692
Posts
14,209
Votes
Chris Seveney
Pro Member
#3 All Forums Contributor
  • Investor
  • Virginia
14,209
Votes |
16,692
Posts
Chris Seveney
Pro Member
#3 All Forums Contributor
  • Investor
  • Virginia
Replied

@Gregory Schwartz

Blame politicians for making it too easy to see these property managers.

It is called risk mitigation and as a company they do not want to disclose personal information (even though they require it to rent to you).

I honestly don’t see an issue with it

  • Chris Seveney
  • User Stats

    805
    Posts
    853
    Votes
    Gregory Schwartz
    Agent
    • Rental Property Investor
    • College Station, TX
    853
    Votes |
    805
    Posts
    Gregory Schwartz
    Agent
    • Rental Property Investor
    • College Station, TX
    Replied

    @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.  

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