Performance & security by Cloudflare. If youre a fine print reader, you may wonder why certain states dont include criminal data. It's SmartMove platform is designed to help. securely through SmartMove by TransUnion's website. Select from 3 reasonably priced bundles, depending on the level of insight you need. If they offer complete credit reports, without onsite inspections, theyre using either TransUnion Full Credit Report or Experian Connect to gather that data. An accurate, reliable tenant report is the best resource to identify the right tenants. It was designed to help smaller landlords make educated leasing decisions by giving them access to the same tools for renter screenings that larger property management companies use. But only were pages 2 and 3 superimposed over each other, they listed that we have had a criminal eviction! Because Income Insights uses historical credit data to estimate income, very recent significant income changes may not be immediately reflected. Instead of chasing down employment verification from other busy business owners or risking taking on a tenant with unclear income, SmartMove does all the dirty work for you. I think we all know since the housing bubble burst, the rental market has skyrocketed, hence monthly rental prices are overinflated due to the demand. If a potential renter has difficulty with this process, please have him or her contact SmartMove directly for further assistance. I believe between those two services that the TransUnion Full Credit Report is the superior product. However, as few tenant screening services offer true debt-to-income calculations, this isnt a unique con of SmartMoves service. However, it does not offer document uploading or reference checking, or a rental application service, which means that you will have to rely on other providers for a wraparound service. It was designed to help smaller landlords make educated leasing decisions by giving them access to the same tools for renter screenings that larger property management companies use. This was due to the creation of the National Consumer Assistance Plan. My advice is to see where the eviction was filed (what court) and then make a call to the court. Instead, we aggregate every report through an FCRA Certified Screener who can search multiple databases and ensure the quality and accuracy of the report being returned. It offers a lot of essential Tenant screening features which are very useful such as the credit check, and the Resident Score. The SmartMove report is designed to be as clear and easy to understand as possible, and the credit report helps with this. How to dispute an error on your credit report. 2 How does SmartMove work? TransUnion searches through a vast amount of information, from credit history, and address databases to eviction information and also presents an informative sidebar that answers common questions about evictions. What you would want to verify is the address the eviction notice was served to and if there are any notes or documentation detailing who was served with the notice. Using credit report information about your spending and payment behavior, the model is able to estimate your annual income. If Mark were buying a car or applying for a credit card, hed have to go through a screening process just the same. Certain States have decided not to allow instantaneous access to their criminal data. Notice in the top-right that SmartMove does confirm an SSN match to the applicant as part of the credit report: Next, landlords will see a quick overview of the applicants profile, including how much their debt payments are. To find the right tenant, landlords look at: We understand that ensuring a safe and secure tenant screening and credit approval process is crucial for the protection of you as a renter. We provide a buying advantage with verified reviews and unbiased. Imagine if a landlord actually ran 50 applications and all of them were just kicking tires as they say. I filed a complaint with the attorney general in my state and expect that will be disregarded as well. Renter is notified of the landlords decision. And dont think for a second that the finance companies or credit card issuers arent charging for the screening! We recently have a set of applicants with one having evictions in the report however on my application they have replied not having any evictions. Well, the report is so comprehensive that youll be able to see when and to whom any late payments were made as well as the total number of payments made late. Why would a state do this? It is easy to set up by the landlord or agent, all you have to do is send the renters email address, and SmartMove will prompt them to complete the online process. Securely collect all tenant payments ranging from deposits to monthly rent. (If the landlord is new to SmartMove, he or she must create an account and add at least one property. Start Screening Check Tenant's Background Now There are no monthly service charges, set-up fees, or other hidden costs. What I found is that the estimates were off because theyre being based in large part on credit behavior. This website is using a security service to protect itself from online attacks. TransUnion Reviews: 2,275 User Ratings | ConsumerAffairs Since the resulting credit report is considered a soft inquiry, it will not impact your overall credit score. After all, we offer the product and find it the best of the instant credit report options on the market. i am in an eviction record for an eviction that never existed and for which there is no legal documentation to prove I have EVER been evicted. If your tenant applicant fills out the necessary details minutes after getting their email, youll receive a completed report within 10-15 minutes of placing the order. The problem with this is that database criminal reports are not as accurate. One of the strong positives of SmartMove report is that it is accessible for review online at any time, and is processed in mere minutes. You need to protect both the property and your financial security when considering tenants, and you need to know that youre entrusting the house or apartment to the right person. 2023, iPropertyManagement.com. However, not every tax lien or judgment has been removed from credit reports, just the majority. Before we begin, lets briefly examine how the product has evolved. TransUnion Full Credit Report contains a national criminal background report as well. Verify tenants with thorough screening reports. In just a few minutes, you can fill out the tenant screening application online. Thats why Transunion Created SmartMove. SmartMove offers cost-effective, web-based access to the same data and analytics used by the largest property management firms resulting in quick and reliable leasing recommendations. Build a profile to promote your business. TransUnion is a well-regarded company, and the SmartMove Report is well respected in the Real Estate Industry. TransUnion is a well-regarded company, and the SmartMove Report is well respected in the Real Estate Industry. While you arent going to get a guarantee of a tenants salary this way, its a nice extra to have in the report. Transparency is one of our values as a company, which is why we make known that we work directly with TransUnion on this. I can provide the proof myself. I understand. Since this is an instant report, pulled directly from a database without any human being verifying the information for accuracy, there is certainly a chance the information is wrong. How do you use this product to boost your finances? The TransUnion SmartMove report is a great resource that gives you a Resident Score that shows how reliable your tenant is likely to be. We make the lives of landlords, tenants and real estate investors easier by giving them the knowledge and resources they care most about. It's Affordable TransUnion SmartMove is a very affordable option, especially when you compare it to other tenant screening services. However, their lack of criminal information for 8 different locations can lead to some holes in that data. In the initial TransUnion SmartMove screening questions the prospective renter is asked about their level of income, the report verifies this information with a tool called Income Insights, which takes the credit check information and estimates a salary range. The applicant is in charge of deciding to share their information with whom they want, when they want. Unfortunately, at this time, SmartMove does not issue formal receipts on the website or have the ability to generate a duplicate email receipt. If you would like to opt out from the use of non-essential third-party cookies, please select the "Restrict All" option. If you are a California resident and would like to opt out of the sale of your information other than through cookies. And with reports delivered in minutes, trust can be achieved in the moment and enable more confidence in the transaction. Its thorough and full of useful information about how SmartMove works. They shine with a smooth, simple process and good reportsprovided youre not screening tenants in one of the 8 areas where they dont offer criminal reports. My advice is get mysmartmove.com and if the Agent/Owner insists on needing a credit report, ask why, Dont give your Social Security to anybody unless they can prove how it will be protected, never put your Social Security number in a risk for compromise. SmartMove is an online screening service for independent landlords and their rental applicants. The renter must create an account using the email address that the landlord sends the request to. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. SmartMove examines the prospective tenants credit profile and will give the stamp of approval or denial to each applicant based on your criteria. How does SmartMove work? We recommend contacting a collection agency or your local apartment association to inquire about how back rent may be reported on a consumers credit file. A downside of the quick processing time of the TransUnion report, is that it does not cover Colorado, Massachusetts, Delaware, South Dakota, and Wyoming as instant background reports are illegal in these states. Yes. unless youre logged into your SmartMove account, Request that you enter into a lease agreement with us, Landlord initiates a renter screening request using the email address provided by the applicant. Income Insights uses historical credit data to estimate income. The renter will have the option to confirm or decline the request to proceed with the screening process. This extra security likely stems from TransUnions status as a top credit bureau and the necessary privacy involved. Simply create an account and use SmartMove only as often as you need to. Get the contact information from the company's website directly. The Income Insights report gives you: Income Insights is based on a statistical model that analyzes the applicant's credit data, including their spending and payment behavior, to estimate the amount of income they likely make. As far as we know, were the only tenant screening service in the U.S. offering this add-on to TransUnion Full Credit Report. Required fields are marked *. I have seen my share of disputes that turn out to be unfounded or frivolous. The reason you see so many credit monitoring sites and credit repair services popping up is because of the giant need to service people like yourself. 79.143.85.14 TransUnion has been trusted by approximately 500 million individuals and boasts 40 years of experience in working with consumers and protecting renters data online. Never failed. However, all of these products and services are not created equal. Unlike other renter screening services, the consumer is the one who actually initiates the release of his or her credit and criminal data with SmartMove. 3 Does SmartMove cost? Please contact customer support for information on your reports at 1-866-775-0961. If there is more than one renter on an application, each renter must have a separate email address. Enter information in the boxes below to calculate the comparative value of a piece of property in order to determine if it would be a good investment for you. When a landlord begins a new application request, he or she chooses whether to pay for the service or whether he or she will request the renter to pay for the application. I agree that dealing with credit issues is difficult but finding out your tenant has been cooking meth in your house and now your property must be condemned is also difficult and frustrating. At this time, SmartMove only has the ability to process an application for renters who have a valid U.S. Social Security number. An estimate of whether or not the applicants credit behavior aligns with self-reported income. We have been notified that the TransUnion SmartMove logo, name, and branding has been used fraudulently by a third party in an unauthorized attempt to collect money or personal information outside of our website. Based on who is chosen, credit card entry information will be displayed to that party at the time of the transaction. A renter account will need to be created using the email address to which the landlord sent the request. We were devastated! To keep the process secure, SmartMove is an online service. to 7 p.m. Eastern Time or . Notify tenants about Renters Insurance and verify coverage. The purchaser will need to wait until the bank removes them, which can take up to 7 business days. Do you really want to submit sensitive info like your Social Security number to each landlord you interact with? The landlord then uses a tenant screening service to run a criminal and credit check which could potentially impact your credit score. People can have past criminal records and still pay their rent every month. If your tenant applicant committed a crime in Colorado, Delaware, South Dakota, Wyoming, or Massachusetts, you would not see this data on a TransUnion Full Credit report. As you use this website, we and our third-party providers collect your internet and other electronic network activity information (IP address, device information, and information regarding your interaction with this website) via cookies and other technologies. When you create a RentPrep account, you can join our RentPrep For Landlords Facebook group. Yes, Income Insights uses behavior found in credit data to estimate your total income. Mark. What does TransUnion SmartReport show in terms of detail in the credit report? Dear Disgusted, SmartMove is TransUnion's tenant screening service for property owners who arent property management professionals. The report also shows the details of the court case that preceded the eviction and any other worrisome behavior such as whether there is a previous history of Unlawful Detainers, Tenant Judgments for Rent, and Criminal Behavior. After you have gathered completed applications, you need to filter the applicants by screening them according to your own criteria. The advantage of no tenant involvement is that you can move through the tenant screening process quicker (in most instances) and at a more predictable pace. It stays between the renter and TransUniona trusted credit reporting company that already maintains safe files for nearly 500 million people worldwide. Since the rental applicant initiates the release of his or her own data, the resulting inquiry is considered a soft inquiry, which does not impact his or her credit score. Being a prospective renters my husband and I were I asked to use SmartMove by the owner. Income Insights can be returned for anyone with at least one credit tradeline account on his or her credit report. We use this personal information to enhance user experience, analyze performance and traffic on our website, and to provide targeted advertising. These recommendations are tailored to the amount of risk you are willing to allow for your tenants. SmartMove's various packages are competitively priced. For landlords, it reduces the paperwork and long approval process required to initiate a credit inquiry on a consumer. Not only does evicting a tenant cost $3,500, it also usually takes 3 to 4 weeks to fully complete the process. Click on the first tab, Step 1. SmartMove by TransUnion is a simple but powerful service that enables landlords to easily vet applicants, get critical information fast, and determine risk more accurately. This is not a feature exclusive to TransUnion Full Credit Report, but its convenient for a landlord who doesnt want to handle application fees. Looking back, we have more data over a year later, such as the quote below. SmartMove is a tenant screening service that provides credit and background checks on rental applicants. I have been using SmartMove for over a year now and havent had any issues; of course here I am solely trusting the site to be accurate. Edit Requested Information. Its an extra step, but some applicants may prefer the added security. This is the only one a good landlord would want to select. As you use this website, we and our third-party providers collect your internet and other electronic network activity information (IP address, device information, and information regarding your interaction with this website) via cookies and other technologies. Learn more. Other services that do not actively involve the renter require more of the landlord and often have less secure methods of obtaining and returning sensitive consumer information. Through a secure, online process, you enter your personal information into SmartMoves system which then generates and delivers the screening reports to the landlord. Signing up is free, and you pay-per-report. Fast approval process TransUnion's verification service conducts your credit check, criminal background check, income estimation and eviction history promptly after initiating the process. You can email the site owner to let them know you were blocked. The only delays are due to either party not completing one or more steps throughout the process. If the applicant's self-reported income does not align with the Income Insights estimate, Income Insights will recommend you request additional proof of income from the applicant. Cloudflare Ray ID: 7dfffa96af2a3abe This provides instant analysis into a tenants income. TransUnion SmartMove is the clear choice for helping you make the right decisions for your rental property. This program sucks and cost us $90 and a nice place to live. Something to be aware of is that even if your rental is not in that State, that doesnt mean your applicant didnt live there at some time. Yes. You may call SmartMove if you have additional questions. If you visit this website from another browser or device and wish to opt out, you'll need to select the cookie settings again. Under the FCRA, companies must conduct free of charge a reasonable investigation of your dispute. The service was developed by TransUnion, one of the three main credit bureaus. LexisNexis Risk Solutions, an aggregator and seller of information, found that mortgage borrowers who have a judgment or tax lien are 5 times more likely to go into pre-foreclosure or foreclosure. On the other hand, when a landlord initiates a credit check on a rental applicant, it results in a hard inquiry on the applicants credit report which can negatively impact his or her overall score depending on other variables. In April 2017, we launched a partnership with TransUnion and began offering their TransUnion Full Credit Report product to our clients. While TransUnion has a solid reputation online for being a respectable credit reporting company, its SmartMove service has a limited number of reviews online. It turns out its essential. SmartMove provides landlords with a leasing recommendation based on factors related to a potential tenants ability to fulfill lease obligations.
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