Coverage & Compliance Matter in Tenant Screening
RentPrep’s unique and truly national approach to tenant screening can reduce default rates by up to 25%, which yields an average of $200,000 in savings for every 1,000 doors under management.
Significant savings are possible with RentPrep because we have spent years closing critical gaps in coverage that other providers continue to neglect. Neither Transunion nor Experian can match RentPrep’s nationwide coverage.
For example, Transunion, a leading backend data provider for tenant screening solutions, does not return criminal records results from twenty (20) states. This significant gap in coverage means that landlords across the country are potentially making critical tenancy decisions without the benefit of a complete criminal history search.
Twenty (20) states are currently excluded from Transunion’s criminal reporting.
With RentPrep, you can enjoy the best of both worlds. RentPrep’s latest API blends the industry standard Transunion credit report with criminal and eviction record coverage in close to 100% of the United States.
During the last seven years, RentPrep has delivered more than 1.5 million highly accurate screening reports that enterprise customers have relied on to make informed leasing decisions.
Furthermore, while most data providers don’t provide end-user support, RentPrep provides expert support to landlords delivered by FCRA certified screeners. This human touch extends our coverage to records searches beyond the typical databases, including local court records.
Non-compliance is costly
- $11.5M class action settlement: Transunion Screening (2023)
- $4.25M settlement with FTC: Appfolio (2020)
- $3M settlement with FTC: RealPage (2018)
A screening industry authority
A 2021 Senate Committee on Banking and Housing inquiry reviewed RentPrep’s operations, along with nine other screening companies.
RentPrep’s processes for ensuring accuracy in reporting and dispute resolution were found to be above acceptable and RentPrep received direct praise from the committee.