When you are considering renting an apartment, a background check is a good idea. A background check includes rental history and a landlord or property manager contact report. If you don’t have a history of renting an apartment, you may still qualify for an apartment. If you are currently employed, you will want to bring proof of employment, such as a recent pay stub. Your landlord will also look for red flags, such as late rent payments or being evicted. Below are the 4 alternatives to apartments.com:
Before renting an apartment, landlords check the applicant’s credit history. This includes a review of the applicant’s credit score and payment history. Ultimately, they want to determine whether the person is reliable and can afford the rent. Most apartments require that applicants have a good credit score, at least 600, but some are more lenient. You can check your score with an app that checks your credit. Regardless of your score, landlords will want to protect themselves.
One of the main goals of background checks is to protect landlords. The process can be intimidating for tenants, so landlords want to choose carefully. But the benefits outweigh the risks. Fortunately, this service provides a detailed report on the applicant. For instance, you can view a person’s rental history and contact information for past landlords and property managers. You can also apply if you have no rental history at all. Landlords look at your pay stubs, references, and employment history to make sure you’re an eligible candidate for the rental property. If you’ve ever been evicted, or have consistently paid your rent late, that could be a red flag for a landlord.
Lastly, landlords must provide a copy of your credit report to applicants, and may also call to confirm the length of employment. Generally, landlords prefer applicants who’ve been with their current employers for at least six months. You can also obtain letters from your current employer stating that you are a new employee. However, some apartment communities will accept letters of recommendation or offer from employers. Regardless, landlords want to make sure that their tenants will remain in their apartment for the term of the lease.
Most apartment checks go back seven to 10 years. However, a criminal background check can go back as far as 20 years. However, be sure that the landlord knows that you have a criminal history before you dive into the background check report. By addressing the landlord’s concerns in advance, you can avoid any problems down the road. If a landlord is worried about the background of a prospective tenant, you can explain the situation in a way that reassures them and saves both of you.
Before letting out your apartment property, you should consider using RentRedi, a background check website that helps landlords and property managers screen prospective tenants. Applicants can also choose to allow RentRedi to run their credit, employment, and rental history. It also has an in-app chat feature for landlords and tenants, which eliminates the need for incessant phone calls. Lastly, RentRedi provides secure storage for your property documents.
The RentRedi background check app makes it simple to screen potential tenants, with its extensive database of details and easy-to-use dashboard. The website even allows landlords to add new tenants to their account, and provides many reports. Landlords can also notify tenants about late rent within minutes of entering their details. This service is available for both small landlords and larger portfolios, and it has varying pricing plans for both. Pricing starts at $15 per month for one to three apartments and goes up to $25 per month for four to ten apartments and $99 per monthly for properties with more than 20 units.
The RentRedi background check provides detailed reports on potential tenants, as well as information about their credit and criminal history. It also provides comprehensive Resident Scores, allowing landlords to easily determine which applicants are best suited for their property. The report will show if a tenant has any late payments or fraud indicators. It will also show the applicant’s income level and other financial history.
The RentRedi app streamlines the rental process and is perfect for landlords who do their own maintenance and property management. This mobile property management tool saves landlords time and money by streamlining the process. RentRedi allows landlords to manage their property from anywhere, and their 5-star customer service will keep them informed at all times. The website even offers mobile rent collection. And landlords can also manage their properties from their smartphones, so they can take care of tenants’ maintenance needs wherever they go.
A MyRental Apartments.com background check requires a few details about a prospective tenant. First, he or she must provide a full legal name, address, DOB, and SSN. After completing this information, the tenant is sent an invitation to run a credit check. In exchange for this information, the tenant agrees to release it to MyRental. The information released is the same as a credit score for a prospective tenant. As a result, it will not affect the tenant’s credit score.
MyRental uses TransUnion’s credit screening services to perform a soft credit check. The search doesn’t affect the tenant’s credit score. Using a proprietary risk-assessment model, MyRental also provides a score for each applicant. This score indicates the likelihood of defaulting on a lease. The MyRental site shows the percentage of landlords who accept a tenant with a similar score. In addition to providing tenant scores, MyRental also offers a payment plan feature and the Adverse Action Letter functionality. After a tenant verifies his or her identity and income, MyRental automatically generates a denial letter template.
A tenant’s credit score is one of the most important criteria for landlords. They look for applicants with a credit score above 670. The landlord may also want to check whether the applicant has a history of missing or late rent payments. Having a bad credit score can hurt your application, so it’s best to secure a co-signer or recommend a recommendation letter. Otherwise, the landlord may opt to deny your application.
The cost of using MyRental Apartments.com Background Check varies according to the amount of information you want to access. The basic plan is free while advanced screening reports are locked behind a paywall. The basic plan provides a tenant’s credit report, address history, and adverse items. The full report, however, contains federal and OFAC watch lists, as well as national eviction data and a sex offender search. The free plan also includes an income verification.
If you are not satisfied with your tenant’s rental history, you should not hire him or her. The information in the rental history report could hurt your application. Good landlords will thoroughly investigate potential tenants before offering them a lease. They conduct personal interviews, credit checks, and request a rental history report. Dispute any information you find incorrectly in the report, as you don’t want to end up with a tenant with a criminal record.
The Better Business Bureau (BBB) has received several complaints against RealPage. Among these were false listings of felony convictions, outdated and inaccurate information, and listings of multiple individuals with the same name. Furthermore, RealPage did not respond to inquiries about whether they investigated a potential renter’s background before renting them an apartment. This has prompted some consumers to seek legal assistance and conduct a background check before renting from RealPage.
For example, RealPage does background checks on prospective tenants by utilizing the LeasingDesk background screening service. This background screening service will provide a “pass” or “fail” score based on background data and credit history. This score is reported to both RealPage Inc. and LeasingDesk on a tenant’s credit report, so it is important to check before renting an apartment.
As of 2019, there were nearly 2,000 companies that offered tenant screening. The entire tenant screening market was estimated to be worth $1 billion. A leading Texas-based property management tech company, RealPage uses an algorithm to determine whether an applicant is qualified to rent an apartment. The RealPage algorithm uses artificial intelligence, a huge database of over 30 million lease outcomes, and consumer financial data to identify applicants’ creditworthiness and suitability for a given property. This technology is materially superior to traditional screening solutions.
While Instant Background Checks can be helpful in identifying quality renters, they can be harmful. Incorrect information may result from similar names, addresses, or birth dates. This could result in incorrect information on a tenant’s background report and a potential denial of housing. However, under the Fair Credit Reporting Act, the tenant has the right to dispute inaccurate information and seek justice. As of September 2017, RealPage offers an innovative new matching logic that analyzes background information to make predictions.