High Risk Customers
Defining and composing high-risk customers from the point of view of a property manager, landlord, and general public's rules and regulations involves identifying and describing individuals or entities that may pose potential risks or challenges to the property management as a whole. This page wishes to state clear, objectively define, and be focused on outlining the criteria that categorizes customers as high-risk.
Definition of High-Risk Customers
High-risk customers are individuals or entities with specific characteristics or behaviors that could lead to potential financial, legal, or operational challenges for the property management group. These customers require closer monitoring and may necessitate additional precautionary measures to mitigate potential risks to the group and its properties.
High-risk customers should also include individuals or entities from sanctioned countries. These are countries subject to international sanctions due to various political, economic, or security reasons. Dealing with customers from sanctioned countries can expose the property management group to legal and financial risks.
Composition of High-Risk Customers
Non-Compliant Tenants: Customers who consistently violate lease agreements, ignore property rules and regulations, or fail to adhere to rent payment schedules. They are blacklisted from platforms Airbnb, Mayordoma FB/IG/Threads, & TikTok. Database of which is only seen, for privacy, by landlords that are member of the Mayordoma group.
Previous Evictions: Customers who have a history of eviction from other properties or rental units due to non-payment of rent, property damage, theft or other lease violations.
Poor Credit History: Customers with a history of bad credit, frequent late payments, or significant outstanding debts, indicating potential financial instability.
Criminal Background: Customers with a criminal history, particularly those related to property crimes, drug offenses, or violent offenses.
Subletting Without Permission: Customers who sublet the property to others without obtaining prior approval from the property management company, leading to unauthorized occupants and potential liability issues.
Frequent Complaints: Customers who have a record of receiving multiple complaints from neighbors or other tenants due to disruptive behavior, noise disturbances, or other violations.
Property Damage Incidents: Customers who have caused significant damage to the property, either intentionally or through negligence.
Frequent Lease Violations: Customers who repeatedly violate property rules and regulations, showing a pattern of non-compliance.
Unstable Employment or Income: Customers with an inconsistent employment history or uncertain income sources, making it difficult to rely on steady rental payments.
History of Lawsuits: Customers with a history of filing lawsuits against previous landlords or property management companies, potentially indicating a litigious nature.
Customers from Sanctioned Countries: Individuals or entities originating from countries subject to international sanctions due to political, economic, or security reasons. Engaging in business transactions with customers from these countries can lead to severe legal and financial consequences.
List of Sanctioned Countries:
As of our last update in September 2021, the list of sanctioned countries can change over time due to evolving geopolitical situations and international relations.
Please note that the sanctions and the countries subject to them may have changed since then, so it's essential to refer to the latest information from authoritative sources.
As of September 2021, some of the countries subject to international sanctions included:
Iran
North Korea (Democratic People's Republic of Korea)
Syria
Cuba
Venezuela
Russia (specific sectors and entities)
Ukraine (specific sectors and entities, related to the conflict with Russia)
Belarus (specific entities and individuals)
Zimbabwe (specific individuals and entities)
Myanmar (specific entities and individuals)
Keep in mind that these sanctions can be comprehensive, targeting various sectors or specific entities and individuals within those countries. Moreover, different countries and international organizations may impose their own sets of sanctions, leading to a complex web of restrictions.
For the most current and comprehensive information on sanctioned countries, it's best to refer to official government sources or international bodies like the United Nations, the U.S. Office of Foreign Assets Control (OFAC), the European Union, or other relevant authorities depending on your location and jurisdiction.
It's crucial for property management group like Mayordoma to stay informed about the ever-changing list of sanctioned countries to ensure compliance with international laws and regulations. Engaging in business dealings with customers from sanctioned countries without proper authorization can result in significant penalties and reputational damage for the property management company. Therefore, robust screening procedures and due diligence measures should be in place to identify and avoid high-risk customers from sanctioned jurisdictions. Mayordoma and Haybolbay are objectively stating here for the benefit of the landlord, property management, tenants and the general public.