Tenant Screening
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the problem
Nearly every landlord runs credit checks, but credit reports are designed for underwriting, not leasing. Further, credit scores are static, known to perpetuate inequality, and commonly contain errors. This leads to not only avoidable evictions, but missed opportunities to onboard good tenants. Meanwhile, their static nature also creates a blind spot on spotting upcoming trouble, and differentiating between a systemic financial issue versus a manageable temporary one.
the solution
Understand your tenants’ true financial character with Cygnt. Request a real-time validation of financial health, and configure tailored alerting such as a notification if income or liquidity dip below preset thresholds. If a payment is missed, understand if it represents a one-time slip or a deeper issue. Onboard better tenants and get fewer surprises with Cygnt.
key benefits
- Relevant: Get actionable data intended for use in leasing, without the noise.
- Signals only: Receive only the signals you need, and avoid the headache associated with handling personal and private information.
- Dynamic: Get a real-time perspective on tenant financial health and liquidity.
- Secure: Provide customers best-in-class data security, while avoiding relationships with known bad actors.
- Accurate: Data sourced straight from financial providers ensures you’re working with the facts.
- Consensual: Earn tenant respect by candidly asking for specific metrics.
