How to check the authenticity of potential tenants?

There is no doubt that proper tenant screening is important in property management. But it doesn’t need to be as threatening as it might appear, particularly since most applicants apply online. A property manager who can check as rapidly and easily as a prospect can file a rental application is expected to get better tenants while decreasing the risk of default and bad debt.

Improved Tenant Screening allows people to automatically screen every submission for a rental property in real-time and gives property managers a detailed screening report that’s easy to read.

But it’s no simple solution. Employing new technology, Tenant Screening can be customized to fit screening favorites and distinct a good tenant from a high-risk one, while fixing in compliance with federal housing rules and regulations. The simple to use platform mixes advanced technology with the features and capabilities you need most to move your business forward.

Property managers can think − and rank − which search criteria is most associated with the portfolio’s business objectives to maintain total control of decision making. Reports are both detailed and easy to read, and quick criminal record searches are at your ease. The configurable setup wizard enables for criteria adjustment, and even difference, between portfolios, buildings and units. Faster criminal records searches minimize or wipe out the wait time for status updates.

The general recommendation score from 0-10 uses a smart scoring algorithm that influences your criteria, similar tenant profiles screened, and the overall applicant score to help you minimize crime risk. Now, you can take decisions based on the mutual scores for all applicants and sponsors on the property – not just a separate score.

Prepare easy to use reports

With automate tenant screening tool, you avail a detailed, actionable report with an easy thumbs-up or thumbs-down. In combination with a score based on your specific criteria, not just a pass/fail, this promotes faster, more informed renting decisions and produces them in no time. The entire process is performed through an integrated solution with no extra work outside the system required.

Include guarantors

When guarantors are supposed to support an application, advanced capabilities enable the right solutions. Guarantor override features enable you to add guarantors based on the given criteria. In addition, different screening criteria for applicants and guarantors can be defined.

Offers support

Available online and always, the online portal helps make sure that renters can instantly get the help they need. A Renter Relations team works in close coordination with renters to come over issues like credit, civil and criminal misrepresentation.

Handle credit vendors

Today most of the property management firms work behind various credit bureau support, which enables an automatic fallback order for credit vendors, guaranteeing credit replies remain always available.