VerticalRent Saves Real Estate Brokers and Property Managers Up to $40,000 Every Year

Two flavors of tenant screening are available, invite and instant. VerticalRent's latest release unveils a broad spectrum of tenant screening features for both independent landlords and large real estate brokerage firms.

  • Saturday, September 5, 2015

  General   Tenant Screening   Product Updates   

VerticalRent, the pioneer of consumer-initiated tenant screening software for independent landlords, recently announced VerticalRent Ultimate - designed for brokerage and property management firms. This latest announcement underscores VerticalRent's broad appeal in the real estate marketplace from independent landlords to multi-office brokerage firms across the United States.

VerticalRent’s new Ultimate Edition is designed to save Brokers and Property Managers up to $40,000 each year with the lowest pricing available on all consumer reports, including: credit, criminal, and eviction reports. At $8 per report, VerticalRent has priced its credit, criminal, and eviction reports at the very lowest price point possible for its high volume customers. Property managers and Brokers can continue using VerticalRent’s existing invite model to obtaining credit reports, but now have the capability of running instant credit checks on applicants.

Brokers and Property Managers can purchase tokens that are exchanged for credit, criminal, or eviction reports. All credit reports contain detailed information about outstanding debts, payment history, account history, employers, and more. VerticalRent graphically categorizes the debts and liabilities in a summary view while also color coding (Green, Yellow, Red) the applicant’s credit score compared to the national average of 682.

For Landlords, Brokers, and Property Managers who collect paper rental applications, Ultimate Edition makes it easy to instantly run credit and background checks without electronically inviting the applicant. “The beauty of our two-flavor model is that we’re now providing customers with a choice: invite or instant. The invite-only credit screening model is still available and very useful for independent landlords and low-volume brokers. Ultimate edition opens the door for our larger volume customers to run instant credit and background checks at the industry’s lowest price point. It’s truly a win-win for our broad spectrum of customers,” said Matt Angerer, CEO and co-founder of VerticalRent.

Tenant screening can be costly for landlords and brokerage firms on two fronts. Screening costs are on the rise and eviction costs average $2,500 per tenant. Many tenant screening service providers charge upwards of $20 per credit report. At $8 per report for Ultimate Edition subscribers, VerticalRent is able to save brokerage firms $14 per report. At 2,000 credit reports per year, we save the average brokerage firm $28,000 on credit reports alone. Factoring in both criminal and eviction reports, VerticalRent is able to save the average Real Estate Broker approximately $40,000 every year – equivalent to the average administrative assistant salary.

About VerticalRent

VerticalRent ( is FCRA-compliant tenant screening and rental property software for landlords, real estate brokers, and property management professionals. Secure online rent collection, vacancy advertising, free online rental applications, and best-in-class tenant screening makes VerticalRent the no-brainer choice for real estate professionals. Founded in 2011 and headquartered in Erie, Pennsylvania, VerticalRent is used by over 5,000 real estate professionals in all 50 states.



VerticalRent® is not a law firm, and the employees of VerticalRent® are not acting as your attorney. Our educational blog or landlord forms engine is not a substitute for the sound advice of a local attorney, whom is familiar with your local laws and regulations. VerticalRent® cannot provide you with legal advice, nor are we permitted to engage in the practice of law.

We are prohibited from providing you with any sort of advice, opinion, explanation, or recommendation about your possible legal rights – which may include remedies, options, defenses, or the selection of landlord forms available on the VerticalRent platform. Our platform is designed to provide landlords and property managers with powerful online tools to screen applicants, collect rent online, advertise vacancies, and generate free landlord forms. To that extent, our blog often publishes general information on issues commonly encountered by landlords – such as evicting tenants.

Although VerticalRent takes every reasonable effort possible to ensure the accuracy of its consumer reports and landlord forms, we do not guarantee or warrant the information to be correct, complete, or up-to-date. The law changes rapidly across the United States, from jurisdiction to jurisdiction. We will not be held responsible for any loss, injury, claim, damage, or liability related to the use of our blog, landlord forms or consumer reports generated from this platform.

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