There are loads of reasons why you may be thinking of moving tenant vetting provider, here we just list 5 things you should think about…
Lack the right technology
Using outdated tech to reference check tenants is a no go. There’s likely to be things that slip through the cracks. These tech companies could also be over reliant on human eyes to pass applications, which can result in mistakes - like approving the wrong tenants for your landlords.
No focus on fraud
Tenancy fraud is on the rise, and not just in London. We’ve seen it up and down the country. February alone saw a 75% increase in fraud compared to January. And passing a fraudster during the vetting process will have big consequences. This could include loss of rent for the landlord as well as unnecessary legal fees.
Sent your reference off only to wait days and days until it’s approved? This can slow down getting the tenant into a property and frustrate landlords. Furthermore, it leaves tenants waiting to move into their new home. So, it’s vital to have quick turnaround times.
Don’t integrate into your current systems
Having a multitude of systems to navigate each day is not efficient or effective. It’s important your tenant referencing fits into your day-to-day tasks, that’s why integrating into your CRM could be essential.
Trying to get in touch with your supplier and hear nothing back? It’s important to keep a constant flow of communication between agency and the tenant qualification provider to stay up-to-date with any issues that may arise.
Outdated rental insurance policies
Homeppl Guarantid offer a rent guarantee scheme that answers the pain-points that currently plague letting agents and landlords. Under our rent guarantee cover, landlord's don't have to wait 90 days to receive their rent payments in the event of defaults, we pay out the same day. There is no minimum cover as there is with other rent insurance policies and we cover per tenant rather than per property.