As our current property owners already know, we place high priority on our screening process. Responsible residents are absolutely vital to residential real estate investing. Finding residents who take care of the property and pay on time are worth their weight in gold! It’s one of our most important jobs and we take it very seriously. It is our responsibility to find our clients the best residents possible.
We’ve seen an increase in fraud with our applications recently, both with providing proof of income and with forms of identification. We’ve hired Findigs to help us with this. We currently require the following from our applicants for proof of income: their two most recent paystubs, or their last two bank statements. When these are provided to the applicant in the form of a PDF from their employer or bank, they have become easier for fraudsters to edit and manipulate. Findigs uses the same process mortgage lenders use to check deposits made into their accounts by going directly into their bank account. Our new vendor also verifies identification using a form of ID as well as a face scan through their mobile app or their laptop/desktop camera. They have promised ZERO fraud and will pay the cost of evictions if we can prove fraud did occur. This service comes at a cost of $35 per application. This is in addition to the other application fees we have to pay. But we feel with the increase rate of fraud, this will greatly benefit our clients and will help us protect their properties from bad residents.
Some more info:
- TransUnion Credit, Criminal, & Eviction reports
- Findigs instant bank linked income verification
- Findigs instant fraud-proof photo ID verification with facial match tech
- Rental Reference Verification
- Seamless data & document push into your Appfolio
Find out more about Findigs here.