Yardi multifamily clients are now able to offer fraud protection and credit reporting services to the people that rent residences from them. These consumer protection amenities are provided by Resident-Link and included in RentCafe, Yardi's property marketing, leasing and resident services platform. Yardi develops and supports industry-leading investment and property management software for real estate companies.
Resident-Link, which is integrated with the Fraud Protection Network, delivers identity theft protection services using industry security protocols. It promptly alerts subscribers if their identity is being used suspiciously, for example, to apply for a new line of credit or request a change of address.
"With identity theft clocking in as America's fastest growing crime, protecting your identity has never been more important. Resident-Link and RentCafe help property managers proactively offer affordable protection to their renters with proprietary monitoring and alerting systems," said Ed Margolin, CEO of the Fraud Protection Network.
In addition to monitoring for identity fraud, Resident-Link works with Experian to provide credit reporting services. Experian is the first credit bureau to recognize the importance of and incorporate positive rental payment data disclosed to Experian Rent Bureau in consumer credit reports. Residents can build credit history by paying rent responsibly each month.
"Working with Fraud Protection Network and Experian, Yardi is now able to help our clients' residents improve their credit. For those who already have good credit, this enhancement helps protect and monitor it," said Terri Dowen, senior vice president of sales at Yardi. "Better still, through RentCafe, we're able to do it in a way that is seamless and simple for both the property management company and the renter."
Residents can sign up for Resident-Link as part of the RentCafe leasing workflow. After signing a lease, renters will have the option to opt into the service, the same way they might sign up for a parking space or storage unit.
