March 3, 2009 (Boston, MA and Atlanta, GA) – RentBureau, the credit bureau for the multifamily industry, and RentGrow, a leading provider of online resident screening services for property management firms, today announced that they will team to integrate RentBureau's comprehensive rental history data into RentGrow's TotalScreen® resident screening solution. Combining RentBureau's first-of-its-kind proprietary rental history data with RentGrow's TotalScreen solution will provide property management companies across the country with the highest quality, advanced screening services available.
"We know now that the greatest predictor of a resident's likelihood to pay rent is their rental payment history. However, rental payments have never been a part of a traditional credit score," said Eric Hartz, RentBureau president and CEO. "RentBureau offers screening companies this missing link of information. We are pleased to join RentGrow's superior TotalScreen screening offering with our proprietary data, to ensure that RentGrow clients receive the most comprehensive resident screening available."
RentBureau's exclusive database collects rental payment histories every 24 hours from its national network of property owners and managers, which currently includes nearly six million residents nationwide. 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. RentBureau data delves deep into a prospective resident's alternative credit data, including past rental history, allowing the property manager a more complete and accurate picture of the prospective renter.
"Adding RentBureau's data to our TotalScreen product will keep RentGrow a leader in providing the highest quality of resident screening services," said Michael Lapsley, president and CEO of RentGrow. "I am confident that this new and innovative method of tracking rental payments will bring great results to the thousands of properties that use our screening solutions. It allows a clear-cut way of viewing rental history, reducing your risk with rental delinquencies and skips, and even helps credible, dependable residents build credit."
RentGrow's TotalScreen provides property managers with the competitive advantage in any economic climate or region. With superior customizability, data quality and speed, TotalScreen provides control and compliance while allowing property managers to maximize net operating income and manage risk. Now by integrating RentBureau's proprietary rental data, TotalScreen can significantly reduce the risk of skips, bad checks, evictions, and property damage.
RentGrow will implement RentBureau's data in the TotalScreen product beginning this week.
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About RentBureau
RentBureau is the first and only rental credit bureau for the multifamily industry. For more information, visit www.rentbureau.com.
About RentGrow
RentGrow is a recognized leader in delivering robust, easy-to-use resident screening solutions to help management companies improve the performance of their properties. For more information, visit www.rentgrow.com.
Erin Dolin for RentBureau
303-204-4819
erin@fletchergroupllc.com
Marcia Goff for RentGrow
508-416-3765
marcia@goffpr.com