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Why VantageScore 3.0 enables us to find the BEST renters

June 16, 2020

Why VantageScore 3.0 enables us to find the BEST renters

As a landlord, finding good tenants is key. Without good renters, you could be left fighting to collect rent, unable to pay your mortgage, answering countless phone calls, spending exorbitant amounts of money on repairs and maintenance, and having sleepless nights. This is why our clients hire us! Our key objective is to find well-qualified tenants and we’ve been tremendously successful in doing this with 99% of our tenants paying the rent online and on time.

That said, we are always looking for ways to improve our already tremendous efforts. Now, True Property Management has partnered with Experian to incorporate the widely-adopted solution VantageScore 3.0 which has led to an elevated level of tenant screening.

VantageScore 3.0 was built by the three leading credit bureaus to offer a better option to FICO (which we were previously using). As a more predictive and consistent credit scoring model, it has been used across the tenant screening industry since 2013. This credit score will allow you to:

  • Improve decision-making, with more recent consumer and economic data versus FICO 2 which uses data from the 1990s
  • Score more applicants, by analyzing at least 24 months of tenants

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