You're not a bank, you deserve more customized information than a credit report alone can provide, which is why TransUnion provides ResidentScores with every one of our tenant screening packages. By educating yourself with the information provided by TransUnion SmartMove's customized credit and background checks, you can make more knowledgeable decisions about your renters. Why it's ImportantĪs a landlord, you have to put a certain level of trust in your renters. But we run the credit history through a different formula to compile a ResidentScore. SmartMove military & senior discounts, student discounts, reseller codes & SmartMove Reddit codes. Shoppers saved an average of 15.00 w/ SmartMove discount codes, 25 off vouchers, free shipping deals. Save BIG w/ (12) SmartMove verified promo codes & storewide coupon codes. We review the tenant's credit history, just like a credit score. SmartMove promo codes, coupons & deals, July 2023. This score is designed to take credit report data into account when determining a tenant's score. ResidentScore assigns a score from 350-850, with 850 being the best score possible. SmartMove's ResidentScores give landlords pertinent information about rental applicants specifically, the reliability and level of risk they may bring. A credit score may do the job, but TransUnion provides information for our rental screening customers that is tailored to their unique needs. SmartMove's screening services uncover a predictive ResidentScore.Īs a landlord you’re looking for a report to help minimize problems with your rental property. Transunion offers total credit protection all in one place from credit score, credit report and credit alert. Unlike other scoring models, TransUnion's ResidentScore is powered by a sophisticated analysis of more than 500,000 actual resident records. The TransUnion SmartMove report is a great resource that gives you a Resident Score that shows how reliable your tenant is likely to be. ResidentScore is designed specifically for tenant screening by TransUnion.Credit scores are used to predict the outcome of a loan, not rental performance.Why is a tenant ResidentScore better than a credit score? Where your applicant's score falls on the scale can help you better assess their risk. A W2 will show an applicant’s income from the previous tax year. A good rule of thumb is to ask for pay dated stubs from the most recent three months. ResidentScore uses a sophisticated formula to analyze the credit report and produce a score between 350-850. For employed applicants, the most basic way to verify income is to request any of the following: Pay stub. SmartMove's® ResidentScore will help you score potential tenants with more precision than a traditional credit score. Experian Screening Services (TransUnion SmartMove (LeaseRunner () Charging a fee. When looking at your applicants, having their ResidentScore helps you better understand the risks. You need information to help you make the best possible leasing decision so you can continue generating rental income. SmartMove created their tenant screening service with simplicity in mindfor both landlords and applicants. Tenant screening is really about understanding one thing: is this the tenant for you? Property owners know what's at risk when they pick a renter:
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