As a landlord or property manager, selecting reliable tenants is crucial to safeguarding your investment and ensuring a harmonious rental experience. TransUnion’s SmartMove offers a comprehensive tenant screening solution designed to streamline this process, providing detailed insights into prospective tenants’ backgrounds.
What is SmartMove?
SmartMove is an online tenant screening service developed by TransUnion, one of the major credit reporting agencies. It delivers thorough background checks, including credit reports, criminal history, eviction records, and income insights, enabling landlords and property managers to make informed leasing decisions efficiently.
Key Features of SmartMove
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Comprehensive Credit Reports and ResidentScore
SmartMove provides access to applicants’ credit reports, offering a detailed view of their financial responsibility. Additionally, it includes TransUnion’s proprietary ResidentScore, a scoring model specifically designed for the rental industry. This score predicts the likelihood of an applicant fulfilling their lease obligations, enhancing the accuracy of tenant assessments.
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Criminal Background Checks
The service conducts extensive searches across numerous national and state criminal databases, including the National Sex Offender Public Registry. This ensures that landlords are well-informed about any potential criminal history of applicants, contributing to safer rental communities.
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Eviction History Reports
SmartMove’s eviction reports detail any prior eviction filings associated with the applicant. Given that past evictions can be indicative of future rental issues, this information is vital for assessing potential risks.
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Income Insights
This feature evaluates whether an applicant’s self-reported income aligns with their credit behavior. By analyzing financial data, Income Insights helps determine if additional income verification is necessary, thereby reducing the risk of payment issues.
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Identity Verification
To prevent fraud, SmartMove includes identity verification processes, ensuring that the applicant’s information is accurate and authentic.
Benefits of Using SmartMove
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Quick and Convenient Process
The platform is entirely online, allowing landlords to initiate and receive reports swiftly, often within minutes. This expedites the tenant selection process, reducing vacancy periods.
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Flexible Payment Options
SmartMove offers the flexibility to designate whether the landlord or the tenant covers the screening fees, accommodating various business models and preferences.
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Data Security and Compliance
As a product of TransUnion, SmartMove adheres to strict data security protocols and complies with the Fair Credit Reporting Act (FCRA), ensuring that all reports are accurate and legally compliant.
Pricing Plans
SmartMove offers three distinct packages to cater to different screening needs:
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SmartCheck Basic
- Includes ResidentScore and a criminal background report.
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SmartCheck Plus
- Adds a full credit report and eviction history to the Basic package.
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SmartCheck Premium
- Offers the most comprehensive screening, including all features of the Plus package, along with Income Insights and Identity Verification reports.
This tiered pricing structure allows landlords to select the level of scrutiny that best fits their requirements.
User Experience and Support
Users have praised SmartMove for its user-friendly interface and the speed of report delivery. The platform simplifies the screening process, making it accessible even for landlords with limited technical expertise. While customer support is available, it’s important to note that assistance may not be available 24/7.
Conclusion
TransUnion’s SmartMove stands out as a top-tier tenant screening service, offering a blend of comprehensive reporting, convenience, and security. Its features are tailored to meet the needs of landlords and property managers seeking reliable and efficient tenant assessments. By utilizing SmartMove, you can enhance your tenant selection process, mitigate potential risks, and ensure a smoother rental experience. And be sure to explore Magque, your go-to source for the latest and most intriguing updates in informative tips & reviews!
FAQS
Q1. What Is SmartMove and How Does It Work?
SmartMove is an online tenant screening service by TransUnion. It provides landlords with tenant credit reports, criminal background checks, eviction history, and income insights. The applicant authorizes the screening, and results are delivered instantly.
Q2. Does Using SmartMove Affect a Tenant’s Credit Score?
No, SmartMove performs a soft credit check, which does not impact a tenant’s credit score. This makes it a landlord-friendly and tenant-approved screening solution.
Q3. How Accurate Are SmartMove’s Background Checks?
SmartMove pulls data directly from TransUnion, ensuring accurate credit reports, criminal background checks, and eviction records. However, landlords should still verify details with applicants if needed.
Q4. What Is the Cost of Using SmartMove?
SmartMove offers different pricing tiers based on the level of screening required, typically ranging from $25 to $40 per screening. The cost can be paid by either the landlord or the applicant.
Q5. Is SmartMove Suitable for Small Landlords and Large Property Managers?
Yes, SmartMove is designed for both individual landlords and large property managers. Its pay-per-use model makes it a flexible option without requiring monthly subscriptions.
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