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According to the National Multi Housing Council, as much as 2% to 5% of rental revenue is lost each year from residents who:

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write bad checks

are evicted

leave significant property damage

In the +$115 billion apartment industry, that’s +$3-5 billion that could be recovered annually.

At the same time, renters with good payment histories, but without established credit, are often overlooked and turned away.  Reports from scoring and credit agencies don’t include their good rental payment records.  The applications of these honest, reputable renters are denied because of incomplete information.

The greatest predictor of an apartment applicants' likelihood to pay rent is their rental history.  Yet there has been no consistent, coordinated or consolidated system to collect and report that information.  In the absence of this data, rental agents make decisions based on incomplete information.