3. ID Verification for Tenant Screening
OVER 70% OF LANDLORDS REPORTED A RECENT INCREASE IN FRAUDULENT APPLICATIONS.
Verifying a prospective tenant’s identity is the key step in preventing fraud and unauthorized entry. While conspiracy-like notions about modern capabilities regarding identity verification create a false sense of safety, rates of identity theft and fraud in the real estate space are of major concern. In fact, a recent study from the National Multifamily Housing Council and the National
Apartment Association states that over 70% of landlords reported a recent increase in fraudulent applications. It is not enough to collect identity information from users; apps that grant access to private property need to biometrically verify an individual’s identity every time they attempt to use the service and unlock a door.
As part of a comprehensive solution for remote property tour management, an adept, efficient, and effective verification protocol functions in these ways:
• Collects identity information and documentation during account creation, such as government-issued IDs and proof of income • Runs an initial background check • Uses live video to biometrically verify a user’s identity during account creation and as part of the “key” to unlocking doors for property tours • Allows landlords to set standards and gate access to their property based on provided documentation and financial eligibility • Creates an access record for a particular property in real-time
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