As of 2022, you can expect to pay an average of over $350,000 for a home in the United States. Homes will continue to climb in value as time goes on.
This has made real estate investment a lucrative pursuit at the moment. As you might expect, a property manager has certain obligations that they cannot overlook.
One of the most important is tenant screening. Many property managers choose to take advantage of tenant screening services. A popular option is TransUnion tenant screening.
Not everybody understands what they should about this service, so we put together a TransUnion tenant screening review. Let’s take a look at everything you need to know about TransUnion SmartMove.
So, What Is Transunion Smartmove?
TransUnion SmartMove is a tenant screening service that provides landlords with an easy way to screen potential tenants. The service offers a variety of different reports, including credit reports, criminal background checks, and eviction history. Landlords can use TransUnion SmartMove to get a better idea of who they’re renting to, and make sure that they’re not renting to somebody who is likely to cause problems.
In order to use TransUnion SmartMove, landlords need to sign up for an account. Once they have an account, they can then begin running reports on potential tenants. Landlords simply enter the information of the potential tenant into the system, and TransUnion will run the necessary checks.
The Pros of Transunion Smartmove
As you might guess, people wouldn’t use this service at all if it didn’t come with notable benefits. It’s essential that you understand them before you make your decision.
Here are some of the main advantages that you’ll enjoy if you use TransUnion SmartMove.
TransUnion SmartMove is a very affordable option, especially when you compare it to other tenant screening services.
The cost of a credit report is just $24.95, while criminal background checks and eviction history reports cost $19.95 each. When you compare these prices to the prices of other services, it’s easy to see why TransUnion SmartMove is such a popular option.
There’s No Long-Term Commitment
Another advantage of TransUnion SmartMove is that there’s no long-term commitment required. You can sign up for an account and pay for reports on a per-tenant basis.
This makes TransUnion SmartMove very flexible, and it’s easy to use the service even if you’re only looking to screen one tenant.
You Can Try It For Free
If you’re not sure if TransUnion SmartMove is right for you, there’s no need to worry.
The service offers a free trial, which allows you to run one credit report with no commitment. This is a great way to try out the service and see if it’s a good fit for your needs.
The Cons of Transunion Smartmove
Of course, no service is perfect, and there are some drawbacks that you should be aware of before you sign up for TransUnion SmartMove. Otherwise, you might find yourself in a situation you could have avoided.
Here are some of the main disadvantages of the service.
There’s a Learning Curve
TransUnion SmartMove is a fairly simple service, but there is still a bit of a learning curve. It may take some time to get used to the interface and figure out how to run the reports you need. Keep this in mind when moving forward.
The Service Isn’t Perfect
While TransUnion SmartMove is a great tenant screening option, it’s not perfect. The service isn’t 100% accurate, and it’s possible that you’ll miss something important if you rely on it too heavily. In some cases, this could lead to complications that are difficult to recover from.
What Are Transunion Tenant Screening Alternatives?
Although Trans Union SmartMove tenant screening can be a valuable resource, it’s not the only one available. So, it’s essential that you consider TransUnion SmartMove tenant screening alternatives.
One of the most notable is RentSafe. Listed below are the key features of the service.
RentSafe offers a powerful dashboard to its customers that allows you to access all of the information you need. Not only does this ensure that you do not overlook any fine details, but it can also save you time when searching for specific data.
As a result, this is one of the most notable features of the service.
Fast Load Times
No matter how many checks your service can run, it won’t mean much if you are held back by slow load times. Having your screening service load quickly will allow you to get more done in less time and improve your overall productivity.
Slow load times also come with the risk of crashes, which could set you back even further.
Approving an application is as simple as clicking a button. This will help ensure that you can get your approval out within seconds. For those who manage a large number of properties, this is a benefit that you should never overlook.
The screening process involves many different nuances, such as rental history, criminal history, etc.
RentSafe can allow you to screen for all of these criteria concurrently, so you don’t have to worry about missing key details. Take this into consideration before making your decision.
Being required to use a computer to access your screening data can be inconvenient. RentSafe provides mobile access to its clients, meaning you can access your data from virtually anywhere.
This could be the difference between whether or not you are able to maintain the level of productivity that you desire.
Property Managers Need to Take Advantage of the Best Tools
The above information will ensure that property managers make the decision that is best for them. From here, you can avoid obstacles that you would have otherwise encountered.
Want to learn more about what we have to offer? Get in touch with Rent Safe today to discuss your tenant screening process needs.