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Article: The quest for the holy grail.(RENTAL HISTORY)
- Article from:
- Units
- Article date:
- September 1, 2006
CopyrightCOPYRIGHT 2006 National Apartment Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Resident screening companies have long chased the elusive holy grail known as rental history information. While many argued that the data did not exist, others set out to find it, believing it was the key to better--and safer--property management.
Apartment managers always have understood the importance of rental history as a predictor of future rental behavior. In fact, the birth of apartment management can be traced back to medieval stewards who were employed by feudal lords to ensure that residents didn't burn down the buildings. And while we may be some 600 years removed from medieval Europe, one fact remains: Apartment managers must have accurate information ...