Episode 58: The Full Financial Picture, Featuring Craig Schoen of Rentify
Property Management Brainstorm
English - May 25, 2021 20:00 - 26 minutes - 17.9 MB - ★★★★ - 7 ratingsManagement Business Careers bob preston property management real estate rental homes best practices vacation rentals investment property landlord tenant pure property management Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
As a property manager or landlord, do you ever worry that you are not truly getting the full financial picture when screening tenant applications? A rental application may look quite good and complete, but in reality, some of the aspects that would be helpful in making a decision may not be visible. Wouldn’t it be cool if you could verify renter's income, payroll, past rent payments, NSF & overdrafts all in one, easy to pull, screening report?
On this episode of Property Management Brainstorm, Bob speaks with Craig Schoen, CTO at Rentify. Rentify is a company dedicated to helping property managers and landlords utilize a new approach to get that full picture of a tenant's financial strength during the screening process.
Topics Covered
[2:40] Craig introduces himself and the concept of "open banking technology" in their solution to tenant screening during the rental application process.
[3:45] What is open banking technology and how long has it been around?
[5:30] Streamlining the rental application process.
[6:15] Craig explains what is contained in the Financial Resume Report which is the output of the Rentify application process.
[8:45] How about landlord verifications and credit reports? Are these part of the Rentify solution?
[14:00] How to make sure your process remains with Fair Housing guidelines.
[15:30] Craig describes the entire flow of a prospective tenant submitting their rental application through Rentify.
[18:30] Who pays for the Rentify application screening, the tenant or the property manager?
[20:20] Craig describes the discount program Rentify offers to NARPM members.
[21:00] Craig shares a personal story about his grandfather's success in the auto industry.
Connect with Rentify
Rentify Discount for NARPM Members
Connect with Bob Preston
https://www.propertymanagementbrainstorm.com/
This episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify, TuneIn, iHeart Radio and YouTube.