It’s no wonder property owners want to do credit checks on potential tenants – delinquency concerning overdue rent has skyrocketed due to the pandemic. Nearly 20% of renters in the US are behind with their rent payments. USNews shares an eye-opening statistic: 5.7 million households remain late with their rent payments. That amounts to almost $20 billion, and it is the landlords who become entangled in the fiscal fiasco.
A prospective tenant’s credit report is an excellent venue, through which, a tenant’s financial history can be thoroughly assessed. A credit check, on its own, reveals a treasure trove of information that can help a landlord sift through his or her list of applicants who want that coveted apartment or rental house. Financial information from banks, credit card companies, student loans, collection agencies, and more will reflect a tenant’s repayment of debts.
As a property owner, you want that dream tenant who will pay the rent, responsibly, each and every month. A credit check can become your financial ally to ensure your selection of prospective tenants includes only those who have a proven track record of monetary maturity.
Efficiency helps landlords and property managers analyze potential tenants’ financial histories, quickly and seamlessly. Efficiency, as a tech tool, allows you to run a comprehensive credit check and a background check which would include any criminal history. When you are equipped with this type of critical insight, you are in a position of clarity and awareness to help ensure the welfare of your current tenants, protect your income, and safeguard your rental property.
Selecting a tenant with an impressive track record of debt management enhances your chances of collecting rent money in full, on time, every time! Efficiency means independent landlords and property managers can:
1. Access an applicant’s credit check and background-check reports, within minutes, at no cost
2. Automate time-consuming, manual tasks related to tenant-screening – save personal time
3. Sign up for free – your credit card is not needed
4. Reduce vacancy periods – $$ saved
5. Store tenant documents, securely
6. Obtain report results on any device – 24/7 – mobile-optimized for easy viewing, on the go
Efficiency serves as your layer of protection against the unintended consequences of filling a vacancy too quickly by selecting an unvetted tenant, too hastily.
Efficiency allows independent property managers or property owners, such as yourself, to collect online applications and comprehensive tenant screening reports, at no cost – zero, zip, zilch. Efficiency will collect the vital data you need to help you select a tenant, or tenants, who would be more inclined to work with you and not against you – minimizing disputes and legal hassles.
The tenant-screening process involves three super-simple steps:
Creating an account is so easy – Sign up now, and in less than two minutes, you’re ready! And remember, independent landlords and property managers don’t pay a cent to gather the online rental applications, credit histories, and background-check reports they need.
With your efficiency account established, you are ready to invite tenants to fill out the user-friendly online rental application. Efficiency allows you to invite tenants to apply for your rental property, and it takes 30 seconds, or less – it’s quick; it’s easy! Take a moment to view this short video – it sums up efficiency’s simplified process regarding tenant invitations.
Once your potential tenant completes the application and tenant background check, you will be notified and can view the results on your efficiency dashboard – within minutes!
The tenant background-check report will include a credit report, criminal report, and eviction report that you can access and view from any device. Making a tenancy assessment anywhere, at any time, concerning anyone, is as easy as 1-2-3!
There is enough in life to worry about – disruption with your rental income flow shouldn’t be one of them. Efficiency can help you fill your vacancy, wisely, while giving you peace of mind!
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