VerticalRent Announces Advanced Tenant Screening and Mobile-Friendly Enhancements

Thursday, September 4, 2014
Erie, PA

VerticalRent, the smartest alternative to traditional tenant screening for landlords announced significant product enhancements available September 20, 2014. Improved applicant tracking allows landlords and real estate agents to monitor each step in the applicant-tracking process, in real-time on a mobile-friendly device. The landlord is kept informed from the moment an e-invitation is sent from VerticalRent, to the moment the applicant has saved and completed their rental application, shared their credit report, and consented for a background investigation.

The screening module of VerticalRent has improved significantly with other enhancements that allow the landlord to screen tenants on-the-go with their smart phone, along with the ability to invite applicants via SMS text message or by e-mail. Each product enhancement made was the result of interviewing a random sampling of VerticalRent customers across all 50 states.

“Our main objective is to streamline the tenant screening process for landlords. As a landlord myself, I am always on-the-go and never the leave the house without my smart phone. Our customers now have the power of VerticalRent at their finger tips on their mobile devices,” said the CEO and Co-Founder of VerticalCloud.

The leading-edge landlord software provides landlords with an electronic rental application, Experian(R) credit report, score factors, state and nationwide eviction, sex offender, and criminal search within moments of an applicant purchasing, sharing, and consenting to a background investigation. “The landlord truly has everything they need to make an educated and informed leasing decision,” adds the CEO. VerticalRent seamlessly enables the landlord to take an application to a state-specific lease agreement in the matter of minutes after making a decision on an applicant. “We teamed up with a prestigious national law firm and built a library of state-specific lease agreements. Our product development team is working out the details of the digital signage work flow for our customer. We expect to release this feature in late 2014,” says the CEO.

The soft inquiry that VerticalRent provides has zero impact to an applicant's credit score. The scoring model of each credit report is known as the VantageScore – providing landlords with credit history on applicants with minimal credit history. “We have a lot of landlords signing up and using VerticalRent because they own investment properties around college campuses. Many of the students that tend to apply to their rental properties have minimal credit history. The VantageScore 3.0 that we utilize on our credit reports has nearly 35 million additional consumers on record that can be scored – far outweighing competing scoring models,” concludes the CEO.

About VerticalRent

VerticalRent is FCRA-compliant tenant screening software. Our product is designed to assist property managers, landlords, and tenant screening firms that require advanced tenant screening capabilities. We also provide attorney-approved leases, sample real estate forms, a basic accounting system, no-cost online rent collection, vacancy advertising, and premium tenant screening services with no-cost credit, criminal, and eviction reports.

About VerticalCloud

At VerticalCloud, we provide innovative web-based applications starting with real estate. VerticalRent and AppSingular provide landlords and tenants with a collaborative platform to improve the landlord-tenant experience. VerticalRent is FCRA-compliant tenant screening software. Our product is designed to assist property managers, landlords, and tenant screening firms that require advanced tenant screening capabilities. We also provide attorney-approved leases, sample real estate forms, a basic accounting system, no-cost online rent collection, vacancy advertising, and premium tenant screening services with no-cost credit, criminal, and eviction reports.