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The Importance of the Landlord Screening Component of the Screening Process

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Hello, I’m Cody Reeder with Reeder Asset Management. We are a full- service Property Management company, serving Cache Valley to Utah County. Today I would like to talk about the screening process. In particular the landlord screening component of the screening process.

A lot of times when I talk with owners, they will tell me that they do screening and that is great. But, as I dig a little deeper overwhelming the majority just do a credit check. Sometimes they may call to make sure that they do work in the place they claim to work.  As I talk with owners I realize they are missing a very important component, and that is the landlord referral.  Part of our screening is the credit check, we check the sex offender list, we do a criminal background check, employment verification, we do previous landlord, we are a part of rent bureau, it’s kind of how Property Management companies talk to each other.  As I said, each one warrants their own discussion. But today I want to dive into the previous landlord because it is so important. In my opinion, it’s the most important. For example, we’ve had just recently a prospective tenant that we screened have a 780 credit score but had one tradeline. And the trade line had been opened for about 6 months. He was a young kid trying to build his credit. At first glance that looks really attractive, but as you look a little at the tradelines you realize they haven’t established themselves as a creditworthy tenant. That is why I want to dive in a little bit deeper and you should be diving in deeper than just the credit check.  Read More...


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Utah REIA Diamond Sponsor Announced...

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The Utah REIA is excited to announce Reeder Asset Management as this year's Diamond sponsor. In learning about the founder, Cody Reeder, and the services provided by Reeder Asset Management, we found their experience, management philosophy, and empowering nature to be exemplary.

Below are a few paragraphs to help you become familiar with Cody Reeder and Reeder Asset Management:

Investor
Cody Reeder, a native of Logan, UT is the owner of Reeder Asset Management. His career in the Real Estate industry was fueled by the downsizing of his former life in the print-media market in the late 90's, and a late-night infomercial, from a restless night of trying to figure out ‘now what?’.

With the purchase of a duplex next to USU, the spark was lit. Since that first purchase nearly 20 years ago, he has built a personal portfolio of close to 200 units (utilizing the very concepts taught at the Utah each month) that include several commercial office buildings, two apartment complexes and numerous single-family homes, duplexes, triplexes etc. from Cache Valley to Salt Lake City. Read More...





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