Have you ever run a background check on a potential tenant only to find out that the person you searched for is not really the individual renting the unit? Identity fraud and theft are rampant in today’s society, and landlords must be doubly careful to ensure that they have the right information on the right individuals renting from them to avoid problems with non-payment, criminal activity and even lawsuits.
Fortunately, CheckPoint offers everything you need to verify the identity of your applicants and the accuracy of the information they provide. The Red Flag Search is a new feature that helps you verify a prospective renter’s identity as well as other information provided by him or her.
Why Do I Need The Red Flag Search?
You have spent money and time setting up a system that performs credit and background checks on prospective tenants. However, this information is worthless if it cannot be verified and the accuracy of such information is not sound.
Today’s tenants are savvy and often know how to get around background checks by entering erroneous information. In order to stop this behavior and have reliable material on which to base your rental decisions, you need to have a backup check done to verify the information you receive. This is what happens when you run the Red Flag Search.
What Does The Red Flag Search Do?
The Red Flag Search is a tool that you use to verify a prospective tenant’s identity and the information given on an application. The Red Flag Search not only searches for the information you ask for, it also searches for information that may conflict with the data you receive.
For example, if a prospective tenant gives his name as John Q. Smith and his age as 34, with a former residence in Pasadena, the Red Flag Search alerts you if there was no John Q. Smith of that age in Pasadena during the relevant time period. This helps you determine if the person filling out the application may be using someone else’s name.
Even if the tenant uses a legitimate name and former address, Red Flag Search may return a “red flag” if all of the tenant’s given information does not match his or her other records. There are hundreds of fields the Red Flag Search can include in the search to ensure that you have the most complete information possible.
Talk to a sales representative about including Red Flag Search in your CheckPoint landlord package