GRANTS PASS, Ore., July 29, 2020 /PRNewswire-PRWeb/ -- Rentec Direct, the highest-rated property management software solution, is pleased to announce an update to its credit report feature that benefits tenants, landlords and property managers. Rentec Direct provides instant tenant screening report access to property management software clients, including TransUnion credit reports. This latest update means all Rentec Direct credit reports will now result in soft inquiries for rental applicants, which will not affect their credit score.
"Rentec Direct offers instant access to several tenant screening reports so landlords and property managers can make informed decisions and choose the most qualified tenants for their rental properties," said Nathan Miller, President of Rentec Direct. "Evaluating a renter's credit score and credit history is an objective assessment of an applicant's financial responsibility."
While a hard credit inquiry can lower a rental applicant's credit score, a soft credit inquiry typically takes place as part of a background check process and will not affect credit score. Property managers often have a minimum credit score that applicants must meet as part of their tenant screening approval process, and for applicants with lower credit scores, avoiding any sort of negative impact on credit score is essential. Landlords and property managers may find it beneficial to market the fact that they offer soft credit inquiries as part of the background screening process to help attract potential tenants.
Tenant screening reports from Rentec Direct are available to property management software clients and members of Rentec Protect. In addition to credit reports, Rentec Direct offers instant access to several tenant screening reports including income verification reports, criminal reports, eviction reports, bankruptcies reports and more.
To learn more about the new update, visit: https://www.rentecdirect.com/blog/credit-report-soft-inquiry/.
###
About Rentec Direct
Rentec Direct offers industry-leading property management software and tenant screening solutions for real estate professionals. Features include online rent payments, tenant and owner portals, the industry's largest vacancy listing syndication network, full property, tenant, and owner accounting, 1099-MISC reporting and more. Rentec Direct received the Real Estate Company of the Year Award in the 2019 American Business Awards, has been named to the Inc. 5000 List of Fastest-Growing Private Companies for three years in a row (as of 2019), and was also included on the 2017, 2018 and 2019 Entreprenuer360 list for Best Entrepreneurial Companies in America. http://www.rentecdirect.com
SOURCE Rentec Direct
Share this article