What is Tenant Screening Services?
A tenant screening service gives background information about a prospective tenant to landlords and property managers. This is because the tenant does not want a late payment or eviction to appear on their credit report. A tenant with a good credit score, for example, is more likely to pay the rent on time and take better care of the property, both of which are desirable qualities in a renter.
The market study is broken down by Type (Instant Credit Check, Tenant Suitability Check, Full Income Verification, Landlord Referencing and Right-To-Rent Checks), by Application (Large Agencies and Small and Medium Agencies) and major geographies with country level break-up.
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Tenant Screening Services market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
MyRental (United States), Landlord Protection Agency (United States), Multi-Housing Credit Control (United States), LeaseRunner (United States), Tenant Check (United States), National Tenant Network (United States), Rental Research Services (United States), Experian Information Solutions, Inc (United States), Rental History Reports (United States) and RentSpree (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are SmartMove (United States), Experian Screening Services (United States) and Verify Tenant (United States).
AdvanceMarketAnalytics has segmented the market of Global Tenant Screening Services market by Type, Application and Region.
On the basis of geography, the market of Tenant Screening Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Tenant Screening Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In 2021, RentSpree, the leading tenant screening company, announced its partnership with Sure, an insurance technology company. Beginning February 16, sure will offer renters insurance to users directly on the RentSpree platform, with coverage backed by an authorized insurance company. In addition to the value it provides renters, the platform also facilitates high-efficiency workflows for property owners. It enables landlords to notify users of insurance requirements, track the status of tenant policies, and view critical policy details.
- Growing Trend toward Large, National Screening Agencies that Provide Online Services
- Rapidly Growing Rental Housing Market
- Increasing Small and Medium Sized Agencies
- Prices are High and Low-Income
Key Target AudienceProvider, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities and Government and Private Research Organizations
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as MyRental (United States), Landlord Protection Agency (United States), Multi-Housing Credit Control (United States), LeaseRunner (United States), Tenant Check (United States), National Tenant Network (United States), Rental Research Services (United States), Experian Information Solutions, Inc (United States), Rental History Reports (United States) and RentSpree (United States) etc.
2. Can we have customized study for Tenant Screening Services Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Tenant Screening Services Market by 2026?
Analysts at AMA estimates Tenant Screening Services Market to reach USD Million by 2026.