There are a multitude of tenant screening services to choose from with varying levels of accuracy. Some tout “Instant Credit Reports” which can provide you with “false positives”. For example, information on an entirely different person with the same name, which may or may not make the potential tenant look like a good prospect. The background check also needs to comply with the laws laid out in the Fair Credit Reporting Act.
Generating accurate and fair tenant screening services is one benefit of working with a professional property management company. Illume Property Management has rolled out a new platform for screening applicants for their client’s rental properties.