Specialised systems for enhanced tenant selection and renewed confidence in cash flow and compliance.
Access better data to select better quality tenants
Collect more payments with proven soft collections tools
Make legal compliance simpler across your business
Navigating all of the challenges associated with residential property management can be stressful. Not only is it of key importance to find the right tenants, vet them and provide the correct legal documentation but it’s an ongoing process to ensure that rent is collected in full and on time. Any issues with collections require careful legal consideration and the management of credit ratings and negative listings.
TPN’s credit checks, legal document packs and collection services will make life much easier for you as a landlord or property manager and will ensure that you can focus on the tasks that grow your business rather than being bogged down with heavy administration and worry about legal compliance.
The TPN RentCheck® uses data from three different credit bureaus to evaluate tenant affordability. A complete rental payment profile history is the perfect measure to understand the risk of defaulting before placing a tenant. TPN Credex® score is an advanced scoring method that combines all the various data sources into an easy-to-understand summary of your tenant’s creditworthiness.
When it comes to renting a property, it is important to make sure that the applicant can afford to pay the monthly rental payment. TPN provides a comprehensive affordability analysis for the property sector. To prevent document fraud, TPN Verified Online Bank Statements are used to validate the applicant’s income directly with the bank. This helps in confirming monthly income versus actual expenditure over the last 6 months.
To prevent identity theft and block fraudulent documents from being accepted in applications, it is important to verify tenant ID. This can be done by comparing live photos with the Dept of Home Affairs using real-time identity biometrics. Recent amendments to the Financial Intelligence Act now require property practitioners to verify the accuracy of collected documents with a third party, placing an additional responsibility on them.
Stay up to date with the latest industry insights on the rental market in South Africa. The quarterly TPN Residential Rental Monitor report provides valuable information on rental market trends based on TPN data for tenants who are in good standing, payment performance by rental value band, the TPN Squat Index, national and provincial rental escalations, and the latest consumer insights.
