PALM SPRINGS, CA - RentBureau, the credit bureau for the multifamily industry, today launched RentConfirm.com, a Web site providing immediate verification of rental history, at the National Multi Housing Council Annual Meeting. RentBureau currently offers a suite of products for the multifamily industry that monitor, confirm and predict a resident's rent payments, as well as build credit for responsible renters.
"The resident application process involves a number of cumbersome steps to confirm the rental history of an applicant. All are wrought with the potential for fraud or misinformation, and these administrative tasks are time spent away from the most vital function in the office: leasing apartments and taking care of our residents," said Tom Wilkes, President of Post Apartment Management, a company that has tested the RentComfirm.com beta site.
"RentBureau created RentConfirm.com to eliminate the cost and time wasted by former and potential landlords faxing, calling and waiting for applicant rental verification. RentConfirm.com is a fast, accurate and legal way to confirm where an applicant rented in the past and how they paid their rent while living there," said Eric Hartz, RentBureau President and CEO. "We are very proud to launch this new offering at the NMHC Annual Meeting where we can share it with leading representatives from the multifamily industry."
RentConfirm.com uses RentBureau's proprietary database, which collects rental payment histories every 24 hours from its national network of property owners and managers. Members of this network furnish their rental data to RentBureau directly and seamlessly from their property management software. In return, members can search for rental payment histories on new applicants through their existing screening service.
RentConfirm.com rental confirmation reports are also available for nonmember companies who want to utilize RentBureau's proprietary data. The first month is a trial period then each rental report is just $1.99. RentConfirm.com also provides protection to member companies that can mistakenly report inaccurate or subjective data. Reporting data through RentBureau, an objective, certified, third-party consumer reporting agency, is safe.
RentBureau is the first and only rental credit bureau for the multifamily industry. By adding RentBureau data to your current screening systems, property management can significantly reduce the risk of skips, bad checks, evictions and property damage. Additionally, RentBureau enables renters with good rental histories but without established credit to build good credit and qualify for leases they deserve. RentBureau currently has rental data from nearly six million residents nationwide.
Source: PRNewswire