Let's get right down to it - You know you need a robust screening process to ensure you find the ideal renter for your investment property and want to know just what platform is the best to use.
In this post, we'll break down what both Clara & Intellirent can offer you, how much they cost, and which one is better for your rental business.
What are Tenant Screening Services?
Tenant screening platforms are software tools used by landlords, agents, and property managers to assess potential renters' backgrounds and creditworthiness. These services typically evaluate an applicant's credit history, background, rental history, and employment status, among other things.
The goal of screening services is to aid property owners in making informed decisions about prospective renters. This ensures that properties are occupied by reliable and financially stable individuals. While tenant screening can be done manually, using an online tool like Clara is time-efficient and offers fast, transparent, accurate, and secure results.
What is Clara?
Clara is a digital rental application and screening platform that provides a seamless experience for both renters and landlords. It collects, consolidates, and secures application information to help renters find their ideal homes and landlords find their ideal renters.
For landlords like yourself, Clara provides access to a pool of highly qualified and verified renters, removes the risk of fraudulent applications, and helps you find their perfect renter.
What is Intellirent?
Intellirent is a platform that can simplify the process of creating and advertising listings, online application and tenant screening, as well as communication between potential tenants and the internal team.
What can Clara do?
- Digital Rental Application: Clara allows you to create and share an online application with potential renters. Renters create a profile with details about previous and current rental history, previous and current employment, references, lease preferences, and more. Applications are Fair Housing Compliant and ensure you follow a consistent and fair process.
- Identity and Income Verification: Clara partners with Plaid, an advanced security and encryption tool, to verify identification documents, phone numbers, name, date of birth, ID numbers, and more. With Plaid's income verification, you can easily access employer and gross and net income data via payroll providers and documents like pay stubs, W2s, and 1099s.
- Credit History: Clara provides a TransUnion credit report summary that includes a renter's credit score, total credit lines, collections, and more.
- Background Checks: Clara conducts an eviction search, looking for past court actions, unlawful detainers, monetary judgements as well as an extensive criminal history search that searches through more than 200 million records, both at the national and state level. Each background check searches for felonies, sex offenses, wants & warrants, and more.
- Renter Friendly Process: Clara creates a seamless and secure user experience for renters that provides more consumer transparency and control.
What can Intellirent do?
- Customized Online Application: Intellirent has an easy to use, customized online application.
- Agent Dashboard: The platform provides an intuitive portal agents can use to easily advertise listings, gather and compare applications, and communicate with prospective renters.
- Screening Reports: Receive reliable credit, background, and rental history reports in minutes.
- Additional Verification: Automated employment and rental history verifications returned in under 24 hours.
- Integrations: Available with property management software and lease-signing tools.
Clara vs. Intellirent: Pricing
- Clara is free for landlords, renters pay a $45 fee that covers the screening verification and reports.
- Intellirent is free for landlords, renters pay a $30 fee that covers the screening verification and reports.
Clara vs. Intellirent: Which is right for your rental business?
Before selecting a screening platform for your rentals, it is essential to research and compare the available options. While both of these services are reputable, Clara offers additional benefits with instant verified identity and income data. By familiarizing yourself with the features and details of these companies, you can make an informed decision that not only saves you money but also benefits your rental business in the long run.
