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. TransUnion changed that with the patented SmartMove tenant screening product, adding convenience and wide accessibility into tenant background checks. 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. TransUnion/SmartMove appear to be doing very little to educate their clients on the difference.
But we run the credit history through a different formula to compile a ResidentScore. We review the tenant's credit history, just like a credit score. 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. Added privacy: Applicants send their identifying information, like Social Security numbers, directly to TransUnion. Flexibility: Choose whether the fee will be paid by you or your prospective tenant. Discounted price for members: Pay less than the standard rate. 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. Its a Smart Move for You and Your Tenants. Unlike other scoring models, TransUnion's ResidentScore is powered by a sophisticated analysis of more than 500,000 actual resident records. 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? Fiddler’s Green Circle, Suite 500, Greenwood Village, CO 80111. Where your applicant's score falls on the scale can help you better assess their risk. You should send any notices or other communications regarding SmartMove or our Site to TransUnion Rental Screening Solutions, 6430 S. ResidentScore uses a sophisticated formula to analyze the credit report and produce a score between 350-850. SmartMove's® ResidentScore will help you score potential tenants with more precision than a traditional credit score. 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. 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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