Providing proof of funds is a problem that most property management companies face with tenants. Every property manager and landlord can benefit from better data faster. Technology can change the game of verifying tenants.

Today, I am talking with Robert Hsu, of FinRET, about how you can use the latest technology to digitally verify your applicants’ income, account balances, and cash flow. He is someone who has combined his two passions and areas of expertise, real estate and technology, into an entrepreneurial business.

You'll Learn...

[06:20] Issues property managers deal with regularly. [06:45] How FinRET works with banks to prevent fraud. [07:10] FinRET instantly provides better and more data. [07:35] How FinRET gathers financial data from smaller or international banks. [09:04] FinRET is able to get expense and cash flow data that was previously inaccessible or difficult to obtain. [10:07] It allows you to make informed decisions about whether to accept an applicant. [10:14] FinRET will eventually let you score applicants to make decision-making quick. [10:58] Benefits for renters: A seamless process. [11:35] FinRET saves property managers time because financial verification was the slowest part of the process; went from being a 5-day process to only 15 minutes. [12:33] FinRET plans to create integration partnerships in the future. [13:34] Property management software leaders in the residential space. [14:34] How to contact FinRET. [15:00] FinRET’s pricing structure is per use/application basis.

Tweetables

Every property manager and landlord can benefit from better data faster.

Technology can change the game of verifying tenants.

FinRET instantly provides better and more data.

Resources

DoorGrowClub Facebook Group

DoorGrowClub Mastermind Group

DGS 47: Using Technology to Digitally Verify Your Applicants with Robert Hsu