As the leasing season approaches, it's a time of excitement and careful navigation. This period often witnesses a significant rise in rental applications and, unfortunately, an accompanying surge in application fraud. These fraudulent activities have become increasingly streamlined and complex, posing a severe challenge to property owners and operators. However, at VERO, we've got you covered.
Tackling Application Fraud with Tier 1 Data
In the face of sophisticated application fraud, we must stay one step ahead. That's where VERO's focus on Tier 1 data comes into play. Tier 1 data, considered the gold standard of information, allows us to go beyond surface-level checks and delve into the heart of the issue. Our advanced systems meticulously scrutinize these high-quality data points, cross-referencing data sources and providing the insights needed to identify and counteract fraud.
Preserving Asset Value by Reducing Delinquency
It's no secret that delinquency can negatively impact a property's asset value. The good news is that our fraud-prevention tools within the application have enabled VERO to lower delinquency rates by an impressive percentage. This reduction directly contributes to maintaining and often enhancing the value of your property assets. Less fraud equals fewer evictions, therefore decreasing bad debt. Take a look at this quick video diving deeper into bad debt and preserving asset value: https://www.linkedin.com/feed/update/urn:li:activity:7087474751266295808?utm_source=share&utm_medium=member_desktop
Leaning Into Advanced Data Sets for Trustworthy Recommendations
A key element to a successful leasing process is understanding your property intricately. To aid this, we've developed an advanced reporting system, giving you and your team a break from relying on manual data. The VERO platform enables you to gain deeper insights on the property level and provides clarity on the critical questions to ask potential tenants based on data from the source. The result is a more robust, reliable, and efficient application process.
Prioritizing Renter Transparency to Promote High-Quality Applicants
Transparency in the leasing process promotes open and honest communication between owner-operators and renters, thereby fostering secure and mutually beneficial leasing relationships. As a tenant, it's crucial to be confident that the information you provide is correctly used and accurately considered in the leasing decision process. The VERO workflow directly stops fraudsters from feeling confident to submit their applications filled with fraudulent data – leaving leasing teams with only high-quality applications to process.
Now is the time to protect your assets, make the most out of this leasing season, and provide an unmatched experience for your renters. Let's transform the way we view application fraud and delinquency together. With VERO, it's not just about surviving the leasing season - it's about thriving in it. Don't just take our word for it. Experience the VERO difference for yourself.