Verifying information from a tenant application enables the landlord to have a better idea of who they are renting to. Just the FACT that you are running a tenant credit report is often enough to have a tenant 'fix' their application
New York, New York (PRWEB) July 2, 2009
RentLaw.com The National Landlord Tenant Guide http://www.rentlaw.com and TransUnion today announced the launch of a co-branded website http://RentLaw.MySmartMove.com, an affordable online solution to help independent landlords and multi-family operators better evaluate prospective applicants' rental applications. The solution comes at a time in the rental market when there is a greater need to verify a person's credit history in a timely, cost effective manner.
While tenant screening is becoming widely adopted by independent rental owners, it is often time consuming and expensive to manually order credit reports or there has been no easy method to conduct background checks, sometimes taking days to receive this information. In addition, many owners have no processes in place to maintain, store or protect this type of information as required by Federal Law. TransUnion's SmartMove provides a new level of security for consumers as they do not have to share their personal information with the landlord - while landlords improve efficiencies because of the instant online screening process.
"The RentLaw.MySmartMove.com site is an easy to use tool and will help rental businesses gauge the applicant's risk and enable them to make better decisions," said David Dorfman, Publisher, RentLaw.com. "TransUnion has a history of providing quality rental screening capabilities and for the first time, independent owners as well as larger ones will have online access to the powerful data and analytics tools of TransUnion SmartMove. RentLaw.com adds value with their large Landlord Tenant database and marketing capability to the independent landlords and property managers."
RentLaw.MySmartMove.com capabilities include:
- Instant and reliable leasing recommendations based on the landlord's criteria and TransUnion's data and analytics;
- Online instant enrollment that increases efficiency by giving rental owners prompt access to the service upon receipt of authorization from the prospective renter;
- An added layer of protection and privacy for consumers because Social Security and credit account numbers are not displayed to the landlord; and
- A way to check renter applications against one of the largest credit, criminal and eviction databases.
SmartMove also allows the rental owner to determine the threshold of risk for each property with pre-defined settings. For example, a vacation property in a gated community might require a low risk value for potential renters, while an apartment near a university campus might accept applicants at higher risk levels.
Another key element of SmartMove is the three-step process, which simplifies the interaction between landlord and renter. First, the landlord sets up an account and uses the secure SmartMove website to generate an email to the potential renter with a link to the site to provide consent for the landlord to access the renter's information. Once consent is given, the landlord then receives a recommendation from TransUnion based on the landlord's criteria. SmartMove also allows the landlord to determine which party pays for the screening service and can order additional information. Independent rental owners and potential renters may simply visit http://RentLaw.MySmartMove.com to view a demonstration of the site and create a free landlord account. Charges apply to run a report $20 for the standard report. For an additional $5.00 fee, further details are available. There are no membership fees.
"Verifying information from a tenant application enables the landlord to have a better idea of who they are renting to. Just the FACT that you are running a tenant credit report is often enough to have a tenant 'fix' their application," said Kevin Devine, Vice President of Development at RentLaw.com. "TransUnion's SmartMove is a great tool for many landlords who before, did not know where to, or how to, run a credit report. Our goal at RentLaw.com is to spread the word and enable landlords with greater services - create a free landlord account at http://RentLaw.MySmartMove.com ."
As a global leader in credit and information management, TransUnion creates advantages for millions of people around the world by gathering, analyzing and delivering information. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive data and advanced analytics and decisioning. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion employs more than 3,600 employees in 25 countries on five continents.
Founded in 1998, RentLaw.com The National Landlord Tenant Guides has become a top provider of information on the Internet for Landlords and Tenants. RentLaw.com has over 35,000 active members and offers other services to Landlords and Tenants in the United States.