Proposed Illinois law to regulate rental application feesEveryone knows the importance of tenant screening. In order to offset the cost of screening “the right way”, many landlords collect application fees. Now, Illinois lawmakers are getting ready to regulate these application fees.
Illinois tenant screening tipsMany landlords don’t like to screen their tenants thoroughly. In fact, some landlords seem to require only that the tenant have enough money to pay the deposit and the first month’s rent (some don’t even go that far).
However, prudent landlords are getting smarter about screening their tenants. Picking a good tenant up front reduces headaches down the line. In the wake of the country’s economic downturn, more and more tenants have bad credit, so landlords need to look deeper into rental application information.