Will my pricing change?
No. As part of our commitment to providing you the best screening available, ResidentScore 4.0 is available at no additional cost.
What are the benefits of ResidentScore 4.0?
We’re very pleased to announce ResidentScore 4.0 offers you several benefits, all of which can help increase your NOI. ResidentScore 4.0 predicts bad outcomes (evictions and skips) approximately 1% better than our previous model and up to 7%* better than standard credit models (i.e., approximately $3** savings per unit annually compared to ResidentScore 3.0 and $21** savings per unit annually compared to standard credit scores). Thus, you can better predict resident behavior — helping you accept the best residents, reduce eviction risk and increase overall profitability.
What’s the main new feature of ResidentScore 4.0?
We’re excited to share ResidentScore 4.0 can now better predict the likelihood of bad outcomes (evictions or skips) for 24 months from signing a lease agreement, which is 12 months longer than our previous model. That means you’ll be better positioned to lower the risk of vacancy with applicants who are best fits for a longer-term lease.
What is the possible score range?
All ResidentScore models, including ResidentScore 4.0, use a score range of 350 to 850.
How does this affect the way I use the ResidentScreening website?
There are no changes to the way you interact with the ResidentScreening website.
How does this impact the screening integration I use through my property management software?
There are no changes to the way you perform screening through your property management software.