"By providing access to the SafeRent applicant screening services from our Rheo property management application, our joint customers will receive greatly increased benefits with virtually no additional effort," says Chris Maners, vice president of business development for Koriel. "This seamless delivery of complementary productivity tools is a concrete example of the potential that Web-based, enterprise class business applications hold for the multi-housing industry."
SafeRent online applicant screening incorporates an applicant's credit history, rental history and the option of a criminal search. Property managers use these applicant screenings to make more informed decisions in the acceptance of new residents.
"The multifamily housing industry has consistently shown a need for integrated property management solutions," says Linda Bush, CEO of SafeRent. "Customers learn one system and avoid duplicating tasks such as data input and retrieval. The new partnership with Koriel offers our mutual customers a web-based management system that reduces vacancies and bad debt and is fast, accurate and easy to use."
SafeRent's online applicant screening services are based on a credit-scoring model designed by Harvard statisticians specifically for the rental industry. The model was developed using tens of thousands of actual renter histories and included the evaluation of more than 300 predictive variables, including credit history, demographics, prior rental history and local landlord/tenant laws. The model uses those indicators that were found to be most highly predictive and provides a highly accurate assessment that is fully compliant with fair housing and fair credit requirements.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.