Renters – gotta love ‘em.
If you’re lucky, some are responsible, considerate, and pleasant. However, on the other hand, some are less than model tenants.
Some have criminal records…
Some leave for months at a time without paying rent…
Some skip town altogether…
And some are just learning to play the drums, at all hours of the night – every night. (Where’s the Tylenol, eh?)
The thing is, finding a solid tenant who has their shi… I mean stuff… together can be quite challenging, to say the least.
But the next time you need to lease a property, enjoy protecting yourself and your property with a nifty website called My SmartMove, from TransUnion. This online screening tool can help you do your due diligence on prospective renters, in order to help you get the right tenant – from the very start.
Unsurprisingly, this website was recently referred to us by the one-and-only Joe McCall – who is one of our most tech-savvy Mogul advisors and a prolific contributor to numerous tech-related Mogul lessons. According to Joe, “This is the best one to recommend [for screening tenants online], because they don't have to do a huge background check on you. The tenant actually pays for the report, and then TransUnion sends the report to you.”
Quick Sidenote #1: For those who don’t know, TransUnion is one of the “Big Three” credit companies, so you can feel perfectly safe and secure using their My SmartMove service.
Quick Sidenote #2: If your tenant demographic doesn’t typically use computers (or if their legal status may be “questionable”), then this online screening process isn’t for you. But keep reading! You may (hopefully) find yourself with a better set of tenants sometime in the future, and you‘ll definitely want to take advantage of this super cool tool whenever that time arrives.
More Glowing Recommendations for My SmartMove
As it turns out, Joe McCall isn’t the only one raving about this My SmartMove service. Indeed, a few landlords got together to create this short and sweet YouTube video about the product, so I’ll let them speak for themselves before I breakdown some of the website’s key features.
Check-out the rave reviews from these satisfied customers…
The 4-1-1 on My SmartMove
What is My SmartMove, and How Does It Work?
My SmartMove is an online screening service for independent landlords and their rental applicants, created to help landlords make educated leasing decisions. This service grants you (the landlord) access to the same tools for renter screenings that larger property management companies use.
When someone want to rent your property, they can kick-start the application process by sending an email to you (or by finding some other way to share their email address with you).
Here’s the simple process:
-
Once an applicant shares his/her email address, the landlord submits a renter screening request to My SmartMove. At this point, both the landlord and the applicant are logged-in and active participants of My SmartMove.
-
The applicant then receives an online application request through email, and can either accept or decline the screening. (Fingers crossed for his/her acceptance!)
-
Once the applicant accepts the online application request, the applicant releases his/her credit history and criminal records to the landlord through My SmartMove. By the way, no personal information (including Social Security number) is released to the landlord, regardless of whether the applicant accepts of declines. The process is completely secure and private. (Note: SmartMove can only process applications for renters with valid U.S. Social Security numbers.)
-
The landlord will then receive the credit history and criminal record information – and a customized leasing recommendation from My SmartMove – in order to help with the landlord’s decision-making process.
-
The applicant is ultimately informed of the landlord’s decision.
My SmartMove provides instant results, as soon as the renter has (i) confirmed his/her interest in an online application process and (ii) passed the website’s identity authentication requirements. The only delays would result from either party’s failure to complete the necessary information.
Everybody Wins with My SmartMove
Unlike other renter screening services, the applicant is the one who actually initiates the release of his or her credit history and criminal records with My SmartMove. This is a win/win for both the landlord and applicant or consumer, because it eliminates paperwork and lengthy approval processes (yay for landlords!), and it qualifies as a “soft inquiry”, which doesn’t impact the applicant’s credit score (hooray for tenants!).
What Both Parties Need In Order to Get the Ball Rolling
So what do you need in order to work the My SmartMove system? Just two simple things, my friend:
-
Access to the Internet
-
Individual email addresses
(It’s important to note here that if there is more than one renter on the applying, each renter must have his or her own email address.)
Will You be Able to Make an Informed Decision About Your Property?
Yes, indeed, you will.
My SmartMove combines TransUnion’s powerful data and analytics to give you quick, reliable results.
You will get all the information you need to make informed, educated decisions about your applicants – in less time – and My SmartMove empowers you to screen effectively without compromising the privacy of the applicant's personal information.
Good Stuff for Independent Rental Owners & Smaller Property Management Groups
My SmartMove is such a valuable screening tool for independent owners and smaller management groups (who may not need daily, weekly, or even monthly access to their screening solution).
Management firms who daily screen a larger number of applicants must also expend extra time and resources (ie. “more money”), in order to offer custom screening solutions. But that’s not your game, right? My SmartMove offers web-based access to the same data and analytics used by those larger firms – with cost-effective pricing, quick and reliable results, and customized leasing recommendations.
The Bottom Line: Get Smart with My SmartMove!
My SmartMove offers property owners like you a smarter way to screen potential tenants. Unlike other background check providers, My SmartMove keeps the screening process clear, simple, and fast. They provide quick background checks, customized leasing recommendations, and a secure, private screening process.
My SmartMove provides peace-of-mind (and a little slice of heaven?) for property owners who are sick of deadbeat renters. And the best part may be that My SmartMove packages cost only $25 to $30, depending on your interesting receiving full credit reports from applicants. This is a certainly small price to pay for such a time-saving (not to mention “sanity-saving”) tenant screening service.
With just a few simple steps, you can begin screening your applicants faster and better, right now!
Here’s what you can do to get started:
-
Create a landlord account with My SmartMove.
-
Answer some simple questions about your property.
-
Send an email request for consent to your applicant.
Then, once your applicant accepts your request, consents to the screening, and sets up his/her own account, TransUnion will screen your applicants and provide you with:
-
A customized credit report
-
A criminal report that sifts through millions of criminal records (yikes!)
-
A leasing recommendation and suggested deposit amount
-
A single recommendation for multiple applicants