Importance of Background Checks on Tenants and Potential Investment Partners

Hank Balevic is a former FBI Special Agent and Director of Corporate Security. His lifetime experience deal with security gives him a unique perspective for his current company, running background checks and due diligence on tenants and potential investment partners. The arena is a landmine for investors and Hank walks through and discusses the potential issues all investors need to know to stay out of hot water.

Key Discussion Points

[01:22] Introduction by Eric & Steven

[07:02] About our guest: Hank Balevic

[11:36] How do background check companies sometimes miss criminal backgrounds?

[17:42] What’s the best type of background search to do?

[21:46] What are pitfalls of the Fair Credit Act? And what are your thoughts on the cheap background checks?

[25:15] How should apartment landlords properly handle their screenings?

[27:07] What is the average time it takes for a proper background check?

[27:44] Do you come across errors on credit reporting? And if so, what steps do you take to help mitigate that?

[30:40] From a multi-family owner perspecitve, what do you charge for a standard tenant background check?

[36:51] How can people reach you?

[38:36] Closing comments by Eric & Steven

About our Guest

HankBalevic As a former FBI Agent and Director of Security for two corporations, Hank brings over 25 years experience to Fidelity Data Service. While with the FBI he handled hundreds of background investigations including over one hundred SPIN (Special Presidential Inquiries), investigating officials for high government positions including cabinet posts. He also investigated fraud and embezzlement schemes involving banks, insurance companies, automobile and heavy equipment dealerships.

Hank is a board member of a Condominium Association and a Home Owners Association, as well as being a Licensed Community Association Manager (LCAM). As a Board member, he saw the need for effective background screening techniques in order to lessen vandalism, theft, assaults, misconduct and substance abuse. To that end, he founded Fidelity Data Service.