Tenant Verification: What Your SSN Reveals To Others

Volume 1 / Edition 2

This Week; Focus On: TENANT VERIFICATION: What Your SSN Reveals To Others

The facts speak for themselves. New Yorkers, across the State, rent; in large numbers. We're also a much more mobile society, translating to the highest rental turnover rates in history. Today, more than ever, it is crucial for landlords and their legal real estate representatives to ensure the identity, and thereby, stability, of their tenants.

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NEW YORK BY THE NUMBERS:

- New York City has a population of 8.7 million within an area of 321 square miles- The New York Metropolitan area includes a population of about 22 million, making it one of the largest urban areas in the world.

Spotlight On:
Metro Area: New York, NY
Total Population: 8,649,136
Total Occupied Housing Units: 3,262,910
Percentage of Renters: 68%
Distribution of Apartments, 2004
State: California No. of Apartments: 2,541,587 Rank: 1
State: New York No. of Apartments: 2,033,020 Rank: 2
State: Texas No. of Apartments: 1,596,812 Rank: 3

- Percentage of rental units with 50 - 500 apartments per structure in New York State: 43.75%

Sources: 1. U.S. Census Bureau, 2004 and 2. NMHC (National Multi-Housing Committee) estimates 2004 American Community Survey data, which are also estimates, and do not include people living in institutions, college dormitories, or group quarters. These apartment stock estimates are for structures with five or more units.
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At Beacon Network Investigations, we've spent years studying the rental market trends and have expanded our tenant verification services accordingly. From verifying the initial tenant application information to accurately investigating your tenant's identity, no other metropolitan investigation firm offers the comprehensive and thorough services that BNI provides in this area.

Do you know the significance of the numbers assigned to a Social Security Number? A Social Security Number is divided into three parts: area, group and serial number. The area is the number bearer's mailing address zip code shown on the SSN application card; the group is that assigned to a specific State for specific years and the last four digits are serial numbers. Generally, a tenant's address history should cross-confirm their SSN issuance.

BNI's investigators: Street smart; net savvy.

I look forward to any comments you may have or questions I can answer for you.

Sincerely,

Lina Marie Maini
Editor, The Beacon BulletinCEO,
Beacon Network Investigations, Inc.