Episode 29: The Landlord Verification Process, Featuring Sherry McKillop of LandLord Verification Online

Property Management Brainstorm

English - January 09, 2020 09:00 - 37 minutes - 26.1 MB - ★★★★ - 7 ratings
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Previous Episode: Five Minute Friday #11 - Tax Implications of a Rental Property

Next Episode: Five Minute Friday #12 - Understanding Generation Differences

Because the landlord verification process is so cumbersome, a surprising number of landlords and property managers take it lightly—or don’t bother with it at all! But what if there was a quick and easy way to verify a prospective tenant’s rental history?

Sherry McKillop is the Chief Operating Officer at LandLord Verification Online. Today, she joins Bob to explain why it’s crucial to complete a thorough landlord verification and walk us through the process of using her team’s service.

Listen in to understand what’s included in LandLord Verification Online’s 14-item questionnaire for past landlords, how the team addresses Fair Housing concerns, and what insights a receiving landlord can glean from the LLVO report.

Topics Covered

[2:26] How Sherry’s experience with poor tenants inspired LandLord Verification Online

[5:16] The turnaround time for landlord responses with Sherry’s service

[6:05] The process of using LandLord Verification Online

[8:30] The 14 fact-based questions landlords answer + how they certify that the information is accurate

[11:25] The turnaround time for landlord verification the old-fashioned way

[13:19] Why so many landlords and property managers don’t complete a thorough landlord verification

[14:33] How revealing landlord verification can be in learning about an applicant

[17:35] How to avoid Fair Housing concerns in the landlord verification process

[18:34] How LLVO handles unresponsive landlords

[21:10] What LLVO does to ensure that landlord references are legitimate

[24:38] How Sherry’s team generated the 14-item questionnaire

[27:13] How LLVO is available to individual landlords and property management companies

[28:50] The correlation between verification reports and the tenant experience

[30:18] Why it’s risky to rely solely on a prospective tenant’s credit score

[31:36] Sherry’s personal story about her dad and Dictionary Safari

[34:27] The benefits of using LandLord Verification Online

Connect with Sherry

LandLord Verification Online

LandLord Verification FAQs

Connect with Bob

North County Property Group

Email [email protected]

Resources

Episode Transcript