RHA's Rent Right Decision Model

• Credentialing Process
  
  
• Rules & Criteria for RHA's Rent Right Decision Model
  
  
• Pricing and Packages
  
  
• Order Form 

Making the decision to rent to a potential tenant EASY!

Resident selection is one of the most important responsibilities you have as a rental property owner or manager. Making the right decisions can help you reduce bad debt, maintain occupancy and stay compliant with regulations. RHA’s Rent Right assists you with these decisions by providing an easy to understand scoring model allowing you to screen every applicant in a consistent manner. RHA’s new Rent Right Scoring Model provides a credit recommendation (Accept, Accept with condition, Decline) that takes the guesswork out of making crucial rental decisions. By using the RHA’s Rent Right recommendation every applicant is evaluated equally and could help mitigate Fair Housing litigation.

RHA’s Rent Right Decision Model provides subscribers with:

• Verification of information on the rental application
  
  
• Objective analysis of applicant’s credit report
  
  
• A rejection letter, fully compliant with the FCRA laws, if applicable
  
  
• All the information you need to make a sound rental decision regarding credit, in a easy-to-understand format
  
  
  • What you avoid:
    
    • Bureau-required on-site inspections of your place of business
    • Potential inconsistent decision making, which may lead to claims under federal fair housing laws
    • The task of reading and understanding complex credit reports
    • The potential of sensitive consumer data falling into the wrong hands 
      
      
      
      

RHA’s Rent Right Decision Model Credentialing

In order to receive RHA’s Rent Right Decision, RHA needs to be able to ensure our members are in compliance with the Fair Credit Reporting Act (FCRA). Therefore there are credentialing requirements for each member who participates in our Tenant Screening Services. These requirements are mandated by our credit bureau, TransUnion and Experian. They help RHA balance business sensitivity with prudent policy.

Being qualified to receive this information isn’t hard either. The cost for the new credentialing is $30, and RHA will need to have the following on-file before running any screenings for it's members:

A completed and signed RHA Membership Application

• Individual Membership Application
• Company Membership Application

A separate Letter of Intent

Service Agreement meeting all required terms set forth

Verification of Identity

• Owner's government issued photo identification such as driver's license will need to be photocopied

Verification of Financial Records

• A copy of blank deposit slip or voided check where rent is deposited is required

Verification of Ownership

• A copy of either County Tax Assessor’s Bill or Escrow Closing Statement will need to be provided. Plus a copy of one of the following: deed, property insurance, utility bill, flood certification or title insurance.

Valid Need of Report

• A copy of either a signed rental application or lease

RHA members who do not meet the criteria of the bureaus’ new rules and who decide against the use of RHA’s Rent Right Decision Model may continue to order and receive all other types of RHA reports, including criminal background and public record checks.

Why the charge? All of your information will be sent over to Fidelity Information Corporation for inspection. Fidelity is underwriting the credentialing for our members to be able to access Experian credit reporting data.

Rules and Criteria

* Within the past 12 months
^# Within the past month
^q Within the past 48 months

Applicants who do not have at least one trade will be declined

Applicants who do not have a credit file listed with the credit bureau or: Social Security Number does not verify, Social Security Number was issued before they were born, Social Security Number used in death benefits, NO HIT, etc. will be declined.

Pricing and Packages

All prices before tax.

*No further information than either Approved, Approved with Conditions, or Declined is returned on the Rent Right Decision Model. RHA Staff does not see the report, nor is able to further determine the reason for any of the three outcomes; for more information please consult the Rules and Criteria table.

Along with these reports and packages, you have the option of adding additional individual products to your reports.

Additional Individual Products