Beyond Credit Checks Nov09

Beyond Credit Checks

Patrick Hennessey, Vice President and General Manager at Yardi, joined the team in 2010 as an expert in screening software. He found Yardi’s small company feel and large company resources appealing.  “We have a great team of people, cutting edge technology, and the efficiencies that a company the size of Yardi are able to attain with support teams on both coasts and flexible hours for our clients,” says Hennessey. Hennessey leads the Yardi Resident Screening team in honing and refining online screening software for multifamily clients. The team introduced the product to Canadian markets earlier this year. Benefits of Yardi Resident Screening Hennessey’s focus, Yardi Resident Screening, helps leasing agents select and retain low-risk residents. The system facilitates: comprehensive reports reliable data automated recommendations insights into applicant traffic applicant and resident performance reporting improved efficiencies Hennessey explains, “We do a few key things to help our clients through Resident Screening. First, we help our clients make the best possible leasing decisions. We do that by helping them find more high quality applicants and fewer low quality applicants. Thus we help them maximize revenue by minimizing unwarranted financial risks.” He continues, “Additionally, we limit their legal exposure by using a neutral third party for their screening process. That ensure that the applicants’ rights are protected and that they are given a fair opportunity in the leasing process.” In addition to increased consistency in the selection process of their residents, property managers who adopt Yardi Resident Screening can expect cost savings as a result of improved efficiencies in the leasing office. Rather than requesting a credit report and scoring it by hand, users execute tasks online. Added Security The efficiency and convenience of online leasing has directly influenced the demand for resident screening tools. With Resident...