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February 16-17, 2016 Chicago, IL
As a resident screener, you want to provide your property owner/manager clients with the latest, most powerful data before a lease is signed. With Experian RentBureau’s real-time positive and negative rental payment data, including on-time payments, nonsufficient funds (NSF), write-offs and rental collections, better leasing decisions are made by identifying risky residents and accepting more high-quality residents at the point of application.
The practice of accessing rental payment data to enhance the resident screening process is critical to identifying the highest-quality resident. Incorporating rental payment data in screening provides a more comprehensive understanding of an applicant’s risk profile and, specifically, his or her likelihood to pay rent as agreed. Additionally, leveraging rental payment data in screening saves your clients time and money by removing the need for time-consuming and subjective manual verification of rental payment histories.
Default rates by rental payment history
Renters with one prior debt have a default rate four times as high as applicants with positive rental history. For renters with two or more prior rental debts, the default rate is six times as high.
If you are a resident screening service provider and would like to incorporate Experian RentBureau rental payment data within your product offerings, call us at 1 888 779 9155 or complete the form below to learn more.