$12 billion per year in lost rental revenue sparks interest in tenant screening as the solution to the problem
LAKE OSWEGO, Ore., July 26, 2011 — As the nation's oldest residential screening company, NTN serves property owners and managers from 30 regional offices nationwide, providing an objective analysis of the prospective tenant's past performance and credit history. These reports are critical to maximizing investment income by reducing the risk of poor tenant selection. Most property owners' losses are attributable to just three tenant problems: evictions, "skips" and extra damage to property. NTN's Tenant Performance Report addresses all three, assisting the investor in selecting the best tenant available. There are more than 4 million evictions filed annually, costing property owners both time and money. NTN personnel across the country collect eviction data as close to the date of filing as possible, providing property owners or managers accurate and timely information about prospective tenants.
With the number of renters in the United States expected to increase during the next two years, selecting the right tenant from a growing pool of applicants is key to successful property investment management. A partnership with National Tenant Network will minimize risk and ensure a higher probability of tenant retention, maximizing profits for property owners. Andrew Waite, publisher of Personal Real Estate Investor Magazine, calls tenant screening an "indispensable tool" in reducing vacancies and improving income. He has chosen NTN screening services as the focus for the August/September issue of Personal Real Estate Investor Magazine and awarded the company his "TOP 50" designation for industry leadership.
CONTACT:
NTN, Inc.
Edward F. Byczynski, CEO
525 SW First, Suite 105
Lake Oswego, Oregon 97034
Phone: 1.800.228.0989
E-mail: Email
Website: http://www.ntnonline.com
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