It’s hard to believe that more than half of the world’s total adult population (an estimated 2 billionworking-age adults) – do not have an account at a formal financial institution and another billion just simply lack credit. Before starting Certn, I had no idea what Financial Inclusion was, nor did I care. Could offering loans to people without credit help the world? Wouldn’t it just create more debt, more bankruptcies, and outrageously high-interest rates? I was a skeptic, to say the least, but, after months of research, I’ve completely changed my tune. How could I have known that financial inclusion could increase economic and social development or promote gender equality?
Landlords and Property managers have a difficult mandate: find people that are reliable and fit well into the community. The traditional approach is 1. Fill out application 2. Meet applicant 3. (Maybe) Check references 4. (Maybe) Run Credit report.
Attracting the best tenants is becoming more and more important in markets with high and low vacancy rates. A bad tenant can mean serious costs, and headaches. Although we recommend using Certn as the best way to filter out bad tenants, you also need to take steps to help attract the good ones!
Tenant screening is a bizarre proposition. All too often property managers in low vacancy markets view it as a best practice for high vacancy markets and those property managers in high vacancy markets see it as the opposite. It’s not until property managers evict their first bad tenant that they understand the costs and time that go into the process and their risk tolerance drops off the map. Suddenly, best practices around tenant screening becomes a requirement instead of a nice to have in all markets.