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Who are you?
Online tenant screening speeds the process, protects the rental property
What once took residential-property managers days has been reduced to minutes. Tenant-screening services promise to give leasing agents and rental-property owners a quicker and more-accurate way to determine if a potential resident is likely to be a model tenant or not. Some of these Web-based services, like SafeRent and First American Registry, perform a risk assessment much like a credit score for a loan. In additional to credit history, court records and other documents provide the basis for a score that suggests the risk posed by an applicant. Other services simply provide a way to access credit reports, criminal histories, court records, employment histories, prior rental and eviction records, and other relevant data. Tenant-screening companies also say that their services help eliminate fair-housing violations by providing objective measures for acceptance or rejection.
Costs for the service vary, and many companies offer a volume discount. Generally, the price ranges from $10 - $25 per applicant.
Here are a handful of companies offering tenant screening services:
American Tenant Screen — ATShome.com
CreditLink — CreditLink.com
Factual Data Information Technologies — FactualData.com
First American Registry — ResidentScreening.com
RentGrow — RentGrow.com
RentPort — RentPort.com
Resident Data — ResidentData.com
SafeRent — SafeRent.com
Tenant Credit Reports — TenantCredit.com
Verifacts — Verificats.com
(You can find others with an Internet search on the phrase tenant screening.)
Image © Corbis Images.
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REALTORS®, visit www.texasrealtors.com.
