There is discussion in some online forums about the efficacy of purchasing “rent default insurance.” This is a risk management product that protects landlords for a set period of time if the tenant defaults on payment of their monthly rent. The default may arise on account of a tenant simply skipping out on a lease agreement, refusal to pay, military deployment, or untimely death.
There is also discussion in some online forums about sharing of information between landlords regarding their experience with tenants. Such information is available through various websites. It is essential, though, that no prospective tenant be denied tenancy on the basis of any class that is protected under the Fair Housing Act. These types of sites have been under fire in the past about the need to review their business practices to ensure that they are not violating any federal laws.