Why use TVS for tenant screening
Why use TVS
Landlords and the Fraud Rental Game
- TVS is an effectivetenant screeningservice that will help you prevent fraud and reduce income loss.
- The applicant's Social Security Number (USA) Social Insurance Number (CDN) is validated on the credit report that TVS obtains for you, so if the number shown on your rental application is not valid, you will know. Fraudsters often provide false information that includes wrong date of birth and misspelling of last name. The SSN & SIN will generally pull up a file even though false information has been given; this is one way to determine the identity and truthfulness of your Prospective Tenant.
Little or no credit history=red flag. Click Here for the reasons why!
- TVS obtains a complete report for site inspected members that includes a current & previous address, current & previous employer, liens, collections, civil judgments and bankruptcies. It includes Credit Grantor information where the accounts are rated 1 thru 9 - "1" being the best rating which indicates that the account is paid on time and 9 being the worst which indicates that the account has likely been closed by the Credit Grantor. The FICO score (Beacon or Empirica) is an indicator of a good OR problematic credit history. The Identity is scanned for previous fraudulent activity in every instance - which further minimizes your risk.
- TVS is a Tenant Screening Service that allows landlords and property managers to report tenant pay habits, this benefits good tenants and negatively impacts delinquent tenants. TVS Members also have the ability to send tenant debts to a Collection Agencywho can report the debt to the major credit bureaus if payment is not received for your rental debt.
- Without TVS you risk renting to tenants who may be playing the fraud rental game, and have intent to use you as part of their revolving line of credit.
TVS will help minimize your risk of fraud and income loss!
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ReplyDeleteNice I also share with you something hope this helpful for you my friends. This is a matter of personal preference. Some landlords find that charging an application fee, such as $15, to run a credit check saves them money in the long run because prospective tenants with poor credit will usually not consent to pay a fee. Other landlords are afraid that charging a fee will deter even good tenants from applying to rent their property. Another option is to charge the fee, but if the tenant rents the apartment, you will deduct the fee from the first month’s rent or will add it to their security deposit. A final option is to only perform credit checks on applicants that first leave a deposit for the apartment and have completely filled out your application, so that you know they are truly interested in the apartment.
ReplyDeletelandlord tenant screening