In the past, inspection and dissemination regulations imposed by the Fair Credit Reporting Act (FCRA) limited the availability of full tenant screening credit reports and national criminal record searches to property management companies. Private landlords were only able to access this information if they underwent an extensive background check and site inspection, something that is simply impractical for many to contemplate.
Another problem faced by private landlords was the most tenant screening companies only offered these services if they agreed to expensive setup fees and high monthly minimums. There are a lot of private landlords who only rent property every six months or so and this would not be a workable solution for them, but the launch of AccuRental has changed this.
Now landlord credit checks can be as easy as filling out a simple form online. AccuRental utilizes an innovative applicant initiated renter screening process which means all the landlord has to do is fill in the applicant’s name and e-mail address. The applicant is then sent a link to a secured identity verification form where they can consent to the credit and background check. The beauty of this system is that the applicant interacts directly with AccuRental. This means the landlord doesn’t need to undergo a lengthy approval process, but instead signs up for free membership with AccuRental and is able to begin screening applicants straightaway.
AccuRental tenant reports are very comprehensive, and include the applicant’s full credit history and their FICO credit score. They are checked to see if they have any eviction history and to see if they register on national criminal records. Private landlords can gain peace of mind at a reasonable cost, and with the minimum of fuss. They don’t have to sign a lengthy contract, there are no monthly minimums, and the cost for this credit check is a very reasonable $18 per tenant report. AccuRental’s new service means private landlords are put on the same playing field as the large property management companies.