Fair housing laws and property management
If you don't know what fair housing is, you may be surprised to learn it can have a great impact on you as a property manager or property investor. The Fair Housing Act states that it is illegal for those with OKC rental homes to deny rent to anyone based upon their race, color, national origin, sex, disability, religion or familial status. If you are a property investor with homes for rent Oklahoma City, you want to make sure your property management company abides by fair housing laws. Those in property management Oklahoma City place an emphasis on fairness when screening tenants. Here are some of the factors your property manager will take into account when screening tenants for your OKC rental properties.
- Credit history. A Norman property management company will use a prospective tenant's credit history to try to get a sense of the potential risk when signing a lease agreement. A property manager with OKC rental homes will often look beyond factors contained in the credit history to determine the worthiness of a potential renter. It is important that a property manager apply the same standards to all those looking for homes for rent Oklahoma City.
- Income level. A Norman property management company will often establish a minimum income level for their OKC rental homes. This is an easy to understand way of telling an applicant if they don't make a certain amount of money, they won't qualify for one of your OKC rental properties. The required income will often vary by property, but it is important to apply this condition equally to all prospective tenants for a given rental.
- Job history. A property manager will often establish a minimum period of time throughout which a prospective tenant must have been employed to rent one of their OKC rental properties. A Norman property management company will often include this provision in a rental application because it provides insight into the financial stability of an applicant. Those in property management Oklahoma City know that many people looking for homes for rent Oklahoma City may be new to an area and not have a job yet. If you are working in property management Oklahoma City and are willing to relax this rule for one applicant, be prepared to apply it to all equally.
Making sure your property manager is familiar with fair housing laws will provide peace of mind to you as a property investor. Your OneProp Oklahoma City property manager knows that tenants cannot be excluded based upon their race, creed, national origin, familial status, sex or color. Your OneProp Oklahoma property manager will work to protect you as a property owner by making sure all fair housing laws are strictly adhered to. Making sure that all of your tenants have been screened in a fair and consistent manner means that your property manager respects your rights as a property owner and those of your tenants as well.
