The Fair Credit Reporting Act

The Fair Credit Reporting Act   In 1970, the Federal Government passes the Fair Credit Reporting Act. The purpose was to promote the accuracy, fairness, privacy, and integrity of consumer reporting information. Today a standardized format known as metro-2 is used to facilitate reporting of accurate and complete consumer’s credit history information to major credit…

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You just bought your first rental property, and you probably have the idea that a rental property is a hassle-free income. To be fair, from the outside looking in, it seems that property owners simply sit back and collect rent and don’t really do any additional work. Managing a property may seem easy, but don’t…

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Being a landlord isn’t just collecting rent checks. Tenants and landlords have important rights and obligations. A critical element for you to be a successful landlord is compliance with state and federal regulations governing the landlord-tenant relationship. Many landlords do not fully understand their rights or legal obligations, and this can be very dangerous. According…

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Choosing the right tenant is the most important task you will have as a landlord. It is essential that you protect yourself and your property by screening tenants with a credit check. This is where most of the newbie landlords make their biggest mistakes. In some cases, prospective tenants will try to distract you from running…

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