Finding the Right Renter the First Time!!! www.iscscreening.comwww.iscscreening.com 1-877-922-2547 Many Investor Pains Are Self Inflicted: –Instant Database.

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Presentation transcript:

Finding the Right Renter the First Time!!! Many Investor Pains Are Self Inflicted: –Instant Database –Outdated Forms –Violate Fair Housing –Adverse Action –Proper FCRA Disclosures

Investors and Investigators Have Much in Common!!! How much time and money do you or your investors spend deciding to buy an investment? -Reliable Up to Date Market Research -Physical Inspections -Look in Windows -Hire Professional Home Inspectors -Is This the Best Investment? So why do many investors take so much time buying the investment and then spend so little time qualifying a renter?

A Mistake Could Cost You Thousands!! My gut said he was a really nice guy!!!

Investigators Training Instant vs Investigation Database/Live search Ancestry.com Half of records Maybes Interview Be thorough

The future of Resident Screening Two factors that dramatically shape Resident Screening……. TechnologyRegulation &

Resident Screening: A Changing Environment and before : : : 2014 Everything has changed:

2014 -Why a mobile world is changing everthing!!

So the future technology looks like this…

Changing Affect of Regulation and Lawsuits Regulations and Lawsuits have changed: -Courts Redacting, Raising Fees, Unclear Dispositions -Credit No longer report Evictions, Credit Clean up firms -Government FCRA, Privacy Laws, Adverse Action, 50 States -Business Many are not reporting job history other than “They worked there” -Landlords Unable to report credit and are limited in rental history information

Compliance in the traditional screening process Traditional Way of Screening Tenant Landlord Screening Company

Solutions for Regulation and Technology is…The Tenant Portal The Future Flow of Resident Screening Submits Shares Results Confirms Results and Makes Decision Invites Returns Results

Think of all the things you can do when the tenant is in the game!! An Online Application Credit Report Criminal Report Adverse Action/FCRA Compliance Sign Lease Purchase Renters Insurance Perform Onsite Walk-Through/Upload Pictures Turn On Utilities Pay Rent Communicate with Landlord Send and Receive Notices with Confirmations All through a mobile device!

National REIA Discount Get the $0.95 discount registration link For ISC Connect tenant screening by text message! HERE IS HOW! Text the word REIA to the number