TransUnion SmartMove(R) Launches New Eviction Report Solution to Help Landlords Potentially Save Up to $10,000 in Costs
CHICAGO, IL--(Marketwired - Dec 3, 2014) - New TransUnion SmartMove® data released today found that total eviction-related expenses for property managers averaged $3,500 at the end of Q2 2014. The analysis found that eviction-related expenses, which include maintenance fees, lost rent, court costs, filing costs and judgment costs, can reach as high as $10,000.
The report found that the average eviction judgment amount dipped 2.3% from $1,963 in Q2 2013 to $1,917 in Q2 2014. While the cost has decreased, TransUnion SmartMove's new national eviction report could help landlords avoid these eviction-related expenses altogether.
The new service, which allows landlords to obtain a national report of the applicant's past evictions, includes the location of the previous property they were evicted from, as well as the landlord or plaintiff's name, date of eviction, and the judgment. The evictions reports are bundled with credit and national criminal reports and available for only $35.
"TransUnion gives landlords peace of mind knowing that they approved an applicant that has passed an eviction screening," said Jason Norton, vice president of TransUnion's rental screening solutions group. "Conducting a comprehensive screening of applicants, including an eviction report, can save landlords the time, effort, and costs of eviction."
The SmartMove national eviction report comes as part of the tenant screening package, which also includes a full credit report and criminal background check. SmartMove eviction reports feature enhanced matching logic for even more accurate results. SmartMove's robust database contains 24 million+ eviction records and covers all 50 states, the District of Columbia and Puerto Rico.
For more information on how to obtain an eviction report or to set up your TransUnion SmartMove account, please visit www.mysmartmove.com.
About TransUnion SmartMove
TransUnion SmartMove is an easy, reliable online tenant screening solution designed to give independent landlords the results they want -- and renters the security they need. Landlords receive a TransUnion credit report formatted exclusively for rental screening purposes, a criminal report drawing from hundreds of millions of national and statewide criminal records, a national eviction report, and a clear, reliable and customized leasing recommendation. Renters get the peace of mind that only TransUnion, and not their landlord, will have access to their sensitive personal information. SmartMove is powered by TransUnion.
As a global leader in credit and information management, TransUnion creates advantages for millions of people around the world by gathering, analyzing and delivering information. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive data and advanced analytics and decisioning. For consumers, TransUnion provides the tools, resources and education to help them manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion reaches businesses and consumers in 33 countries around the world on five continents. www.transunion.com