Collection Records Show Many Renters Who are Evicted are Repeat Offenders
Posted by Florida Realty Marketplace on
An effective way to predict the behavior of renters is through examining rental-related collection records, according to a new analysis from TransUnion.
According to TransUnion, involuntary turnover (which includes defaults as well as evictions for other reasons) costs property managers about $3,500 per unit in court costs, lost revenue, and other types of expenses.
“Rental evictions and collections records offer a unique, insightful look into a resident’s current record,” said Mike Doherty, SVP of TransUnion's rental screening solutions group. “Rental-related collection records may be timelier than eviction public records—which can take weeks or months to process through the system—and the combination of the two helps property managers make…
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