Verify your tenants’ financial situation in real time!
COVID-19 in Australia has seen unprecedented steps by the government to protect residential and commercial tenants from being evicted. Most states have passed laws encouraging landlords to negotiate a temporary rent reduction if the tenant has experienced a loss in income, both residential and commercial.
This poses a range of challenges for agents managing properties such as:
The solution – Rent Assessment Manager (RAM)
RAM is a custom built solution to enable tenants to prove their income changes via their bank statements. Tenants simply log on and provide their previous and current income, upload their bank statements. RAM will output a report to the agent that either confirms or denies the stated change in income as well as a suggested rent.
RAM provides the following benefits to agents;
Tenant provides previous and current income
Tenant uploads bank statements
RAM outputs report verifying tenant’s income and suggested rent.
If you’re interested in our suite of real time verification solutions, talk to us about integrating a Vidual solution for your business.