New screening system a credit to landlords.
In addition to traditional credit histories, which are widely used to rank potential renters, On-Site.com's service allows managers to approve more applications by focusing on attributes that predict quality renters and ignoring those that do not.
On-Site.com analyzes raw data provided by sources such as credit bureaus, fraud databases, landlord/tenant court records, criminal courthouses, sex offender registries and terrorist watch-lists, and presents a single report tailored to the needs of each landlord. The system delivers a recommendation to rent using customizable variables useful in predicting resident behavior, rather than generic scores that are not helpful. The On-Site recommendation incorporates each management company's own policies, rather than using a "black box" formula to measure theoretical risk.
A model like On-Site's is able to offer instant approvals by automating the evaluation of prospective residents.
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|Publication:||Real Estate Weekly|
|Date:||Dec 27, 2006|
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