CIC’s ApplyConnect Offers Revenue Share for Real Estate & Apartment Associationsadmin
Comprehensive tenant screening with an opportunity for associations to receive up to 25 percent of revenue share from reports processed.
LANCASTER, CA, January 31, 2014 /24-7PressRelease/ — As a nationwide leader in tenant screening since 1986, CIC strives to deliver the most comprehensive tenant screening reports to not only large property management companies, but also to real estate and apartment associations through ApplyConnect marketing partnerships.
ApplyConnect helps members save time, money, and stress by mitigating risks associated with undesirable renters. While providing the most detailed, reliable reports at the lowest possible price remains CIC’s highest priority, these marketing partnerships provide opportunities for associations to receive up to 25 percent of revenue share from reports processed on a monthly basis.
Make the smarter move now with this new passive revenue stream. With screening prices on the rise, CIC is pleased to announce that ApplyConnect delivers an all-inclusive report at no cost to associations, real estate agents and independent landlords. At a lower cost than other providers, the rental applicant pays only $28.50 per report and simply agrees to allow Experian to share their report directly with the property’s agent online. Every month a portion of the report price is returned as a royalty to support the association.
ApplyConnect combines CIC’s industry leading tenant background check with a complete Experian credit report and VantageScore 3.0 scoring model. The tenant screening report also includes a nationwide criminal records search, including the sex offender registry, and a nationwide eviction history provided by the most comprehensive eviction records database in the U.S. with more than 36 million records.
By utilizing 24 months of data including utilities, rent and telephone companies; VantageScore 3.0 is able to generate a score for 25 to 30 million consumers who have thin or unscorable consumer credit files than other credit scoring models, such as FICO . This allows for approximately 35 million more consumers to be scored with less available information in their profile. By using the VantageScore 3.0 scoring model, ApplyConnect can help identify qualified renters that other tenant screening services might overlook.
As a consumer-initiated product, ApplyConnect is the only product of its kind to offer a credit report and score, with no negative impact on an applicant’s credit score and at the same time allowing the applicant to preview his report.
Each association is provided with a unique ApplyConnect co-branded website that includes their logo. Through this arrangement a marketing kit is provided to the association. Association members incur no setup fees, no onsite inspection, nor a waiting period. ApplyConnect registration is instant.
These mutually beneficial partnerships make it easier for members to protect their investments through a simplified tenant screening process, quickly and easily turning qualified applicants into great renters, all while supporting their local association. Keep properties safe and financially secure, and begin receiving up to a 25 percent revenue stream. Make the smarter move to ApplyConnect, today!
Founded in 1986, CIC is a leading provider of tenant screening for the multifamily housing industry. CIC offers tenant background checks for the rental industry, gives clients secure access to credit reports from all three major bureaus, the nation’s most comprehensive eviction records database, and includes a complete nationwide criminal records search. Committed to delivering the most comprehensive and reliable tenant screening reports, CIC has solutions for large property management companies and associations available at www.CICReports.com. Through ApplyConnect, CIC delivers the same level of quality tenant screening, with quick, easy and affordable results to real estate agents and independent rental owners, available at www.ApplyConnect.com. For more information, please contact CIC at 888-316-4242.
Posted: January 31st, 2014 under 24/7 PRESS RELEASE.