RentGrade
Our custom letter grade applicant screening report.
Get a comprehensive report prepared for you - no digging.What is RentGrade?
RentGrade is a tenant risk solution that predicts the probability that a tenant will pay their rent on time and fulfill the financial obligations of their lease. Think of RentGrade as a letter grade recommendation.
RentGrade allows property managers to make a decision quickly using the same powerful tools that the pros use, but packaged into an easy to understand letter grade. Rentvine's RentGrade utilizes TransUnion's ResidentScore® to predict rental eviction risks 15% better* than traditional credit scores. Unlike most credit scoring models, TransUnion's ResidentScore® is generated by a complex analysis of more than 500,000 actual resident records.
Because smaller property managers cannot access tenant credit scores without a financial audit, and a site inspection from one of the credit bureaus. Rentvine has already passed all compliance, and we use our standing with the bureaus to obtain this information and pass it on to you in the form of a RentGrade. Each RentGrade is based on the tenant screening policies of thousands of property managers nationwide.
We use TransUnion's ResidentScore® to predict rental eviction risks 15% better* than traditional credit scores.
RentGrade passed compliance so you don't have to. It’s designed to allow even the smallest landlords to screen an applicant online.
RentGrade allows property managers to be unbiased in their screening process without violating applicants' privacy.
Let’s dig in to the grading system.
RentGrades, Defined.
There are a very complex set of factors that make up a RentGrade. The below definitions help to define the individual RentGrades but may not include all deciding factors.
A
RentGrade
Very low risk of default (< 1.1%)
Rentgrade A
Very low risk of default (< 1.1%)
A RentGrade of A typically represents a credit score of higher than 700 with a rent-to-income ratio typically 3 to 1 or higher.
B
RentGrade
Low risk of default (1.1% - 2.7%)
Rentgrade B
Low risk of default (1.1% - 2.7%)
A RentGrade of B typically represents a credit score of 600-699 with a rent-to-income ratio 3 to 1 or higher.
C
RentGrade
Moderate risk of default (2.8% - 5%)
Rentgrade C
Moderate risk of default (2.8% - 5%)
This typically represents a credit score of 500-599 with a rent-to-income ratio 3 to 1 or higher, or a 600-699 credit score with a rent-to-income ratio 1 to 2.9.
F
RentGrade
High risk of default (> 5%)
Rentgrade F
High risk of default (> 5%)
A RentGrade of F typically represents a credit score of < 500 with a rent-to-income ratio 3 to 1 or higher, or a 500-599 credit score with a rent-to-income ratio 1 to 2.9.
RentGrade & TransUnion
Key details at your fingertips.
Payment Prediction.
Hundreds of factors go into a RentGrade. RentGrade predicts whether or not a tenant will pay their rent.
Rent to income ratio.
Make sure applicants have the necessary resources to pay their rent.
Crimes & evictions.
Stay informed with state and national information. Know who you are allowing into your home.
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