Best Credit And Background Check For Landlords
Best Credit And Background Check For Landlords – As a property manager, one of your most important tasks is to vet and attract new tenants for vacant units.
Whether you manage a single-family home, an apartment, or a manufactured home, a challenging tenant in your unit can cause headaches. From property damage to unpaid rent to evictions, problem tenants can cost you and the property owner valuable time and money.
Best Credit And Background Check For Landlords
The best way to avoid problem tenants is to conduct a thorough pre-rental screening process. The full screening process can seem overwhelming at first, so this article aims to help you get straight to the facts.
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With the right tenant screening service, you can protect yourself against rent arrears, non-payment, property damage and costly legal disputes.
While no tenant screening service is perfect, investing in a proper screening service can save you time and money in the long run.
When looking for the best tenant screening service, you need to consider several factors. Here are some top tips to keep in mind when looking for a tenant screening service:
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First, it is important to choose a tenant screening service that complies with FCRA (Fair Credit Reporting Act) regulations.
FCRA compliance and comprehensive employee training are essential. This ensures that your tenant screening services comply with industry guidelines and state and federal regulations.
As a property manager, you have different pricing models to choose from when deciding on tenant screening.
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You should consider all of your options. Many tenant screening services offer monthly, wholesale, or per-report pricing. We recommend calculating the number of reports you expect each month and making pricing decisions based on that average number.
There are several computerized tenant screening services available for efficiency and accuracy. However, it is recommended to choose a company that uses human verification measures to check credit and criminal databases.
By their nature, databases can be flawed, out of date, or have errors, so your tenant screening report should be human-verified or at least justified.
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Today we will evaluate some of the most recommended tenant screening services based on the features they offer, customer ratings, pricing, and reviews.
RentPrep offers two different pricing structures depending on your needs and the type of reporting you need. The prices are individual and are calculated per potential tenant.
The second option requires credit approval from the potential renter but provides a more comprehensive credit report.
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Designed specifically for property managers, RentPrep offers exceptional service and affordable pricing. RentPrep has a team of in-house, FCRA-certified auditors who conduct over 3,000 tenant audits annually for property managers across the country.
Adding people who actually do the verification helps prevent errors so you can be confident that your tenant verification report is being reviewed by a real person. RentPrep has an excellent reputation and is often ranked by third-party reviewers as one of the best background check providers in the United States.
RentPrep provides criminal background checks and credit checks for prospective renters in compliance with all local and federal laws. All RentPrep tenant screening reports include credit checks, address history, Social Security number verification, eviction dates and court records information.
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RentPrep also offers one of the most comprehensive criminal record checks on the market with access to multiple county, state and federal databases.
Another feature of the RentPrep service is its efficiency and quick turnaround time. On average, property managers receive tenant screening results within an hour during normal business hours.
Although this may be slower than computer-generated tenant screening services, RentPrep’s turnaround time of one hour is very impressive considering the team thoroughly reviews each report. This short processing time sets them apart from other credit check providers.
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RentPrep offers scalable pricing packages so you can customize our tenant screening services to fit your property management needs. RentPrep also provides additional reports and comprehensive data audits for a fee.
E-Renter is a comprehensive online data database that can perform quick and accurate background checks on potential renters in less than minutes.
As a computer-generated reporting service, E-Renter offers scalable pricing, including three different plans. These three different plans allow you to choose the background check package you need for your property management business.
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E-Renter offers a Basic Plan, a Premium Plan, and an Ultimate Plan, which are considered the most advanced background and criminal history checks for potential renters.
Depending on your tenant verification needs, an e-tenant report can often be created online in minutes by searching various databases across the country.
E-Renter is the ideal platform for property managers who only need tenant screening services. There are no registration fees, no minimum order value and, most importantly, no monthly fees.
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Founded in 2003, E-Renter has quickly become one of the most comprehensive criminal background check services on the market.
Developed by two rental property owners, the E-Renter service offers basic and advanced background checks designed specifically for property managers.
E-Renter proudly invests in highly qualified employees who are more than FCRA compliant; They are actually FCRA certified and bonded, so you can rest assured that your tenant screening services are in expert hands.
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E-Renter complies with state and federal regulations and has access to local and national databases. Unlike the other services featured in this article, E-Renter offers comprehensive criminal background searches in an entry-level package, making it more accessible to property managers with smaller portfolios.
E-Renter reports are automatically generated and can be accessed online through an easy-to-use portal, eliminating waiting time or downtime. E-Renter’s excellent customer service team can be reached Monday to Saturday via online form, email or telephone.
Unlike other tenant screening services, Tenant Reports offers customizable a la carte pricing, allowing you to customize the report type that works best for your property management business.
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Each report is priced accordingly and volume discounts are available when you use our tenant report review service. Overall, Tenant Report is based on a more needs-based pricing model than a comprehensive service.
This scalable pricing model is ideal for smaller property management companies that only need specific information about potential tenants.
With over 25 years of experience in the tenant screening industry, Tenant Reports provides fast results with comprehensive reporting features to meet your needs.
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The Tenant Report offers four different ways to showcase your potential tenants, which is a huge advantage for property management companies of all sizes.
Tenant Reports provides an online portal through which property managers can log in to conduct tenant screening and quickly view the results.
From this online portal, you can send applications to complete and collect electronic signatures directly to potential tenants.
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Tenant Report makes life easier for property managers by allowing you to add an APPLY button to your website so applicants can apply directly to your site and agree to further eligibility screening.
This entire process guarantees quick results, so you can ensure your business doesn’t slow down while you wait for the tenant screening report.
If your property management company requires frequent tenant verifications, tenant reports can make your life easier with our fax-in and fax-back services. This service allows you to fax prospective tenant applications directly to Tenant Reports and receive the faxed results back with a turnaround time of less than an hour.
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Tenant Reports prides itself on providing exceptional customer service in the tenant screening industry. Their website offers many resources, frequently asked questions, an online portal, and detailed information about the types of services they offer.
Tenant Reports’ a la carte pricing model allows you to order the reports you need without paying unnecessary extras.
This unique pricing style allows property managers to choose the type of tenant screening service they need while still having the opportunity to benefit from the savings of Tenant Reports’ bundled products.
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The monthly fee is only $15 and is paid annually. As a member, you will receive one free premium screening package per month and wholesale pricing on all other tenant screening packages you order.
Once you subscribe to the monthly package, the wholesale price is $15 for each premium screening and reporting package. This premium package includes the most common credit, criminal and eviction reports. Depending on the size and scope of your business, this membership-based wholesale pricing model may be best for you.
In addition to the Premium Screening Package, Rentec Direct can provide proof of income, bankruptcy, court and lien records for an additional fee. Premium packages are also sold as individual products if you are only looking for specific reports.
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Rentec Direct is one of the fastest growing tenant screening services on the market today. They produce fast and reliable crime and credit reports with a 100% money-back guarantee if you find errors in the report.
Rentec Direct’s premium tenant screening service package provides fast results for nationwide criminal searches, TransUnion credit reports, nationwide eviction searches, and address and social security number verification. One of the features that sets Rentec Direct apart is its affordability
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