Tenant Checking just got a whole lot more sophisticated

introducing TRS (Tenancy Risk Score)

Unique to the Property Management industry illion Tenancy has introduced a new benchmark for tenant checking.

Using a combination of credit bureau data plus tenancy data into an easy to read, easy to understand, comprehensive and accurate Tenancy Risk Score. 

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Here is the data range illion Tenancy uses to contribute to the Tenancy Risk Score..

  • Credit enquiries
  • Defaults,
  • Court judgments
  • Bankruptcies.
  • Type of credit and account (e.g. credit card and revolving credit)
  • Amount of credit extended
  • Details of the capacity of the individual (e.g. whether he/she is an account holder, joint account holder or guarantor)
  • Credit account information (e.g. account status, open and/or closed date)
  • Up to 24 months of repayment history information for commitments with a financial services organisation (e.g. payment obligation has been met or not)
  • Credit provider details.
  • Tenant ratings from other landlords
  • 14 Day Breach notices
  • Tenancy Tribunal decisions
  • Anti social behaviour while in a tenancy.

 

 

 

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Passport Checks for New Zealand and Australia now available

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Identity checking is increasingly important. Many tenants do not have a drivers license and the next most common form of ID is a passport.

Here are some interesting stats..

  • Around 3000 NZ passports are reported stolen each year
  • Another 10,000 NZ passports are reported lost each year.
  • A New Zealand passport is reported to be worth around $10,000 on the black market.

The process to check a passport..

  • On the Tenant check page choose 'Passport' as the form of ID
  • You will then need the passport number and expiry date.
  • Once these are inputted the option for 'Passport Verification' will show in the Tenant Check fields bottom of page.

Good practise: Always ask if you can photograph a persons ID. 
                          Reference from that information when inputting the tenant check page.