DALLAS, TX - The Rent Rite Directory® (RRD), a one of a kind resident and commercial tenant reporting database launched in July 2010 that strives to protect communities, property managers and owners – is thrilled to announce the launch of their new and improved system that provides the most comprehensive, detailed background on prospective tenants – a service that is unmatched in today’s industry; including, incident reporting, credit history and the most detailed criminal background reports.
According to The US Renting Authority, write-offs, criminal activity, skips and make-ready costs can run into the tens of thousands of dollars annually for property owners. Forbes magazine supports this finding, “[According to] Rent.com’s Annual Property Management Survey, 73% of owners and managers revealed that their vacancy rates were being impacted by the declining creditworthiness of renters. When asked how they were responding to this phenomenon, 43% said that they were actually lowering their credit standards in order to fill vacancies.” [1]
The Rent Rite Directory’s Incident Reporting service better assists decision-makers when determining an applicant’s qualifications. The Incident Reporting database is free-to-use and tracks the records of a prospective tenant’s previous dwelling, including: skips, evictions, on-property criminal activity, and proxy renters - those who sign leases on behalf of tenants that would not otherwise be qualified to rent or want their name on a lease so that the management company/owner does not become aware of their criminal history ie: drug dealers, sex offenders
The RRD system aids in preventing property damage, increasing peace of mind and reducing costly repairs and expenditures. By providing the most current information on potential residential or commercial tenants, the RRD has successfully helped property owners, managers and landlords improve their screening and leasing processes.
The RRD is also proud to introduce the new Tenant Screening service, where compiling the information from the Incident Reporting database with Credit and Criminal Reports offers the most comprehensive screening service available anywhere. By combining these tools the RRD has proven beneficial to a company’s goals, business relationships and profit/loss management - making it the most successful screening program available. Auto Approved Tenant Screening is also available for individual owners, landlords, and real estate agents. These individuals now have the ability to run credit and criminal background checks with a simple “Pass”, “Fail” or “Pass with Conditions” response to assist in making a final leasing decision. A special introductory offer is now available for existing and new registrants.
“With the launch of our new services and our plans for future integrations, our goal for the RRD is to become the one-stop-shop for all leasing needs throughout the United States. We understand that peaceful communities drive business for residential and commercial property owners and our tools certainly help create those communities with an impact that is reflected in the fiscal bottom line” said The RRD’s Joe Killinger. “The Rent Rite Directory® is committed to improving the communities we service, which is why our Incident Reporting database will always remain free, while we maintain competitive and affordable rates for our Tenant Screening service.”
In the spirit of putting community first, The RRD is now introducing The RRD Neighborhood Alert System as an additional FREE feature. When time is of the essence, alerts issued from neighborhood police officers, including missing persons and suspicious vehicle information, will go out to designated Property Managers who are a part of the RRD system.
Since originally launching in Texas in July 2010, the Rent Rite Directory® has garnered much attention and strong success, and in the next 30 months will be available nationwide. With a growing database, frequently enhanced tools and new integrations, we look forward to helping our RRD community improve their communities. After all, investing capital on expansion and growth rather than wasteful repair costs and high-risk tenants makes good financial sense.
For more information visit www.therrd.com or call 214.520.7577.
[1] Forbes Magazine 10/15/2010: Property Managers Cut Renters Slack But at What Price?
Founded in 2010, The Rent Rite Directory is a website providing a free-to-use, easily searchable database of problem tenants who skip out on rent, have a past record of late payments, destruction of premises, non-payment of rent or utilities, lease violations, evictions (filed but not completed and therefore not reported) and those who pose as a “proxy” resident for someone else, many times a criminal. The Rent Rite Directory enables rental property managers and owners to bring down the make ready costs, write offs and criminal activity on their properties saving them millions of dollars annually. The Rent Rite Directory also offers the most comprehensive screening service available in today’s marketplace. The Rent Rite Directory is located online at www.therrd.com