How do you sort the good from the bad when selecting tenants? Do you check previous landlord references? Run a credit report? Verify employment? There’s a way you can save about 47% of the time you spend faxing, emailing, and calling to verify tenants.

Today, I am talking with Vitaliy Merkulov of Renter, Inc. about how to automate giving landlord references and rental verifications.

You'll Learn...

[02:10] Vitaliy’s move from the tech industry to property management. [02:57] First Tenant Fail: Fake landlords and fake information. [04:10] What did I do wrong? How can I prevent people from doing this?. [05:50] Solution: Create SaaS way of requesting or sharing rental verifications online. [06:41] Property manager’s biggest problem without automation? Compliance. [10:20] How fake companies fool tenant screening companies. [14:00] Reference requests require identifying owner of property. [15:12] Registering an account to post online rental verification request form. [17:51] Plans to partner with property management software companies. [23:41] Problem with Property Managers: Trying to do everything and not being effective. [27:20] Apple’s client-centric focus with its products to solve problems and be profitable. [29:18] Simple design, so users don’t get stuck; automation sounds difficult, but you don’t have to be hi-tech savvy. [34:15] Ask: What's the biggest challenge or problem you're dealing with in your property management business?. [38:37] Storing information in a database to give to other landlords, is that legal?. [39:22] I trust myself, not a system, to do rental verifications. [40:20] API purchase not required; “robot” analyzes information and converts it into data.

Tweetables

Solution: Create SaaS way of requesting or sharing rental verifications online.

Save almost 50% of time spent faxing, emailing, and calling to verify tenants.

Problem with Property Managers: Trying to do everything and not being effective

Resources

Renter, Inc.

HUD

Fair Housing Act

Brad Larsen's Podcast

BiggerPockets’ Forums

Propertyware

AppFolio

Buildium

Rent Manager

The 7 Habits of Highly Effective People by Stephen R. Covey

Ask by Ryan Levesque

GatherKudos

Fair Credit Reporting Act (FCRA)

DoorGrowClub Facebook Group

DoorGrowLive