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The new service provides the same applicant rental histories, eviction data, and criminal reports to small landlords who rent properties independently as those large apartment complexes and property management companies use to mitigate renter-applicant risk. Where services like these previously seemed cost prohibitive, the rates as low as
$10 per assessment—with no minimum and no sign-up fee—MyRental.com gives independent landlords managing a small number of properties a way to cost-effectively compete for high-quality tenants while reducing their exposure to risk.
"The recent growth in U.S. rental households is sparking demand for risk management tools tailored for independent landlords," said
Tim Grace, senior vice president of data & analytics product management at CoreLogic. "Previously, small landlords relied on their instincts, a few documents, and applicant-supplied character references to assess rental applicants. Now they have a tool to limit uncertainty and accelerate decision-making with more reliable information to qualify renters."
® is the foundation for the MyRental.com services. SafeRent is an industry leader in resident screening and scoring, providing data on almost six million apartments and 39,000 properties in all 50 states. MyRental.com shortens verification times—eliminating the need to contact multiple sources for credit and rental histories—and improves the ability of a landlord to make consistent leasing decisions.
"Very high-risk and very low-risk rental applicants are easy to spot but the majority of applicants are average risk," said Bagrat Bayburtian, vice president, product management at CoreLogic. "By basing their decisions on a few factors—income, references and bank information—landlords accidentally eliminate high-quality tenants. Independent landlords now have access to tenant scoring from MyRental.com to help avoid these mistakes."