The Future of Rental Verification

Charleston, South Carolina

VeriFast has created a one step process for us. This is the future of rental verification. Taylor Cooper, Property Manager, Meridian residential group

Meridian Residential Group is a company providing both single family and multi-family property management in the Charleston, South Carolina area, including in North Charleston, Summerville, Goose Creek, Moncks Corner, among other cities. Meridian manages over 300 rental units between their various properties. Taylor Cooper is the property manager for Meridian and handles their tenant screening process. “Verification before using VeriFast was hard. We really didn’t know if the information we were receiving was true,” said Taylor. VeriFast alleviated the workload on the applicant’s end by removing the burden of proof from them, instead leveraging a secure connection to the applicant’s bank account to provide transactional proof of the applicant’s income and employment. “VeriFast stands out from other services because of the accuracy provided. We can easily confirm that the applicant is actually making an income because the payroll is confirmed by the transactions from the bank.” Within minutes of completing an application confirmed payroll transactions and additional financial metrics are provided from the established connection to the applicant’s financial insitution. This eliminated the need for Taylor to manually handle documentation and information collection, instead allowing her to focus her attention on verification.

78% Applicant Completion Rate

Another benefit for Taylor was the ability to easily cross reference an applicant’s answers to the questions on Meridian’s application with the details provided in VeriFast’s report, for example, confirming if an applicant has pets. “The pet feature is really nice because sometimes applicants will deny having pets to avoid fees. If they said they didn’t have pets we couldn’t tell before if that was true, but now we know with VeriFast’s Pet Check feature because Verifast’s system flags pet-related transactions.” “There’s no worry about tenant’s providing falsified or inaccurate information with VeriFast’s reports,” Taylor reiterated. “VeriFast has created a one step process for us. This is the future of rental verification.”

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