Denver, CO (PRWEB) July 21, 2011
The launch of CheckYourLandlord.com gives renters the ability to investigate their prospective landlord, just as landlords routinely investigate potential tenants. This service allows renters to assess the potential risks of a home rental transaction before signing a lease. There has been an increase in recent years of rental scams and landlord fraud, as well as a rise in the number of renters who have faced foreclosure of their rental home. However, robust tools to help tenants avoid these situations have not existed in the market.
CheckYourLandlord.com aims to educate the growing population of residential renters about the risks involved in these transactions. Rental scams have been increasing in sophistication, taking advantage of the strength of the rental market in many U.S. cities, along with the abundance of properties abandoned due to foreclosure. Con artists have been documented listing and showing abandoned and bank-owned properties, accepting deposits and rent, while providing tenants with invalid lease agreements.
Many renters have also found themselves in the circumstance of renting a property on which the owner has defaulted. While current Federal law protects renters in this situation to an extent, it does not apply to all situations, and renters may be forced to move from a foreclosed property. Furthermore, a landlord facing financial difficulties may not have the resources to provide adequate maintenance on the property, and may not stay current on utility payments.
“Renters often don’t consider the risks involved in signing a lease agreement,” stated Michael Schaffer, General Manager of LDM Solutions LLC. “Through the introduction of CheckYourLandlord.com, we are making information about a rental property and its owner easy to obtain and understand. When a consumer buys a used car, it has become standard practice to review a Carfax report for potential problems. By educating renters, we look forward to the day when reviewing a CheckYourLandlord.com report is standard practice before renting a home.”
CheckYourLandlord.com sources property and personal background information from real-time data aggregators covering thousands of public records sources at the federal, state, county and city levels. Each report is individually prepared by a trained analyst, and is unbiased, reporting only factual information.
LDM Solutions LLC is a provider of real estate information services. CheckYourLandlord.com is the first publicly available service from LDM Solutions LLC.
For further information on CheckYourLandlord.com or the risks inherent in residential rental transactions, please visit http://www.checkyourlandlord.com, or contact Michael Schaffer at (720) 278-6802.
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