RentPredict.com is First Tool to Gauge Renter?s Likelihood of Paying

RentBureau announced the launch of RentPredict.com, the first predictive measure of an apartment applicant’s likelihood of paying rent. RentPredict.com uses rental payment history and other data to create a score from 1-999 to aid apartment owners and managers in making better leasing decisions. RentPredict.com, which debuts today at the National Apartment Association Conference and Exposition, will produce a score for approximately 80% of Americans regardless of whether or not they are currently renting an apartment.

“Credit scores have always been combined with other information to report a person’s financial history,” said Eric Hartz, CEO of RentBureau. “RentPredict.com is the first score to use detailed rental history and other data to forecast how likely that potential resident is to pay the rent.”

RentPredict.com was designed to offer the smaller- to mid-size property owner a tool to evaluate potentially risky residents, and prevent losses due to residents skipping on their rent. The apartment industry loses $3-5 billion annually due to skips and evictions. And, while large property owners with tens of thousands of rental units have sophisticated resident screening providers to evaluate potential residents, fewer resources are available for the other 70% of smaller property owners.

“RentPredict.com addresses the needs of smaller apartment owners—or even the person who has an extra room to rent—who want the same protection from financial losses that the larger companies receive,” Hartz added.

RentPredict.com, including the score and rental history, are available online for $9.95 per report, or can be easily integrated into the existing screening services frequently used by large property owners.

RentBureau is the first nationwide system providing apartment owners and managers with accurate and current rental payment histories of apartment residents and applicants. Every 24 hours, RentBureau automatically and securely collects resident rental payment information from its members’ existing property management software. RentBureau makes that data available through a property’s existing screening providers, directly to the property, or accessed for a per-report fee.