What are rental reports?
Describing the new industry reports that help tenants secure or be pre-approved for a rental property
RentPayRegister is building a new kinds of report. A report that allows a landlord to quickly determine if tenants are eligible to rent a property.
Most of us are aware credit reports. These provide lenders with a simple score that can be used to determine if you are a candidate for borrowing. The score also comes with an associated report to show details of ones history, if the score needs to be further investigated.
A rental report will perform a similar function as a credit report however, it is a verified score used to show a landlord or an agent your history and current ability to rent a property. As a tenant, you may need to go through multiple checks in order to rent a property. If you are using multiple agents (due to lack of rental supply) - you will need to incur multiple checks. What the rental score does is even out the playing field, such that properties available to rent will have a minimum score requirement. This then simplifies the search process to the point where someone with a good score can immediately secure a property just based of their RPR score and report.
