You'll have a 90% confidence of whether your prospective renter is deserving of your property after performing a background check and confirming the information listed on their rental application. On some occasions, you will get applications from several parties that qualify. You’re probably already using a tenant screening service like FinRet, but this article is about follow-up steps.
FinRET is a brand new technology company that is disrupting tenant screening by offering super cheap credit reports. The following post outlines your current tenant screening process and how FinRET fits in to give landlords and property managers bigger profits.
Most of the time you just want to find a tenant for your properties as quickly as possible. We get it. Finding new tenants can be busy, time-consuming work. However, we can’t help but stress the importance of in-depth tenant screening. To do this, we recommend two key reports: credit checks and background checks.
The most recent Door Grow Show podcast features Robert Hsu, of FinRET. They talk about how you can use the latest technology to digitally verify your applicants’ income, account balances, and cash flow. I've personally discussed FinRET with Robert and can attest to the value they bring property managers and landlords. His technological and business savvy have allowed property managers to cut financial verification processes from 5-days down to only 15 minutes AND he allows you to do this cheaper than other solutions. They're definitely worth checking out.