Avoid potential insurance liability.
Unfortunately, in this day and age, forging a GOL insurance certificate is far too easy. Relying on a form submitted by a tenant alone may not be adequate. As a property manager, the only protection that you have against a bad tenant is the due diligence that you conduct that helps to identify the risk. Assurance collects, verifies and manages the liability insurance coverage’s of your tenants so you can avoid the liabilities due to inadequate or non-existent insurance coverage.
Minimize risk of income loss.
Why put yourself in a position where you spend hours of your valuable time and money in court trying to chase what is normally a noncollectable debt? While a tenant screening can’t guarantee payment, it can help protect you against midnight moves, evictions, and lease defaults. Defaults by tenant finish contractors are on the rise– don’t get stuck with liens and hassles when building out tenant spaces or remodeling your building. Proper due diligence up front pays off in the long run.
Immediate knowledge of where your tenants stand.
Assurance Screening is completely web-based, providing our clients with secure 24/7 access to reports.
Reduce the risk of fraud.
The fact is that the average tenant typically provides far less information about themselves than what the property manager requires. Effective tenant screening is imperative in order to ensure the property manager and owner are fully safeguarded against potential fraud.
Government Watch List & OFAC Verification – it’s the LAW
Did you know that all landlords must check tenant names against the OFAC list? Failure to do so is a violation of Federal Law. Assurance researches an up-to-date OFAC forbidden entity databases to assure your compliance with this law. Don’t get slapped with a fine, or worse, because you are too busy to perform this required check with each tenant transaction.
Creates a win-win for your tenants.
Assurance is also a “self-check” device so your tenants know what information on them may be fraudulent or incorrect.
Client dictates their own customized screening criteria.
Client determines their USC, or Unique Screening Criteria. Assurance screens based on your organization’s risk-management guidelines and parameters. Assurance provides the outcomes of the screened criteria back to our clients flagging those tenants and contractors who do not meet our client’s USC, all of which can be viewed online.
No software to install for our clients.
With Assurance Screening, all of our screening solutions are web-based and very user friendly for our clients. All of our data is scanned, sorted, and secured online.
