Tech Nest: The Proptech Podcast The Evolution of Tenant Screening with Steve Carroll, Co-founder and CEO of Findigs
Steve Carroll, CEO and co-founder of Fine Diggs, discusses the issue of rental fraud and its impact on the rental application process. He highlights that 25% of all evictions are attributable to rental application fraud and explains how fraudsters use stolen or fraudulent information to lease properties and wait out the eviction process. Carroll emphasizes the need for comprehensive identity verification and a more holistic approach to underwriting that considers factors like income and behavior. He also discusses the importance of fairness in the rental process and how Fine Diggs is working to provide tools for property managers to make more informed and equitable leasing decisions. Findigs is a company that aims to streamline the leasing process by standardizing qualification and underwriting and using automation tools. They focus on removing bias and ensuring that the rules are applied consistently for everyone. The company recently raised a Series B round of funding, which is a significant achievement in the current startup funding environment. In terms of industry trends, Findigs believes that while technology plays a crucial role in real estate, face-to-face interactions and personal connections should not be eliminated. They also anticipate that regulations around tenant screening will continue to evolve, with a focus on fairness and consumer permission. Looking ahead, Findigs aims to grow their business and expand their services to make the rental process seamless and transparent for consumers.
More about Steve and Findigs
Findigs is the leading property technology company working to simplify rental screening and leasing decisions. Thanks to Findigs’ proprietary tech, it speeds up the rental decision process from an industry average of one week to an average of less than one day.
Steve Carrol is the CEO and co-founder of Findigs, aiming to simplify the rental screening process, and sits on the National Rental Home Council. He has deep experience in the proptech VC space as well as being the co-founder and COO of Seated prior to co-founding Findigs.