SmartMoveScreeningWorks

In July, SureDeposit, a Livingston,NJ-based security deposit alternative for the multifamily industry,announced a partnership with Resident Data,ChoicePoint's Richardson, TX-based resident screening service.SureDeposit gives residents the option to pay a one-time,non-refundable surety bond premium in lieu of posting a traditionalrefundable security deposit. Prospective residents now receive thatoption automatically during Resident Data's resident screeningprocess at communities owned or managed by clients of bothcompanies.

Call it a sign of the times. Industry experts say interest inquick, convenient screening solutions is growing because ofincreased demand for rental housing. More people are rentingbecause of the deteriorating housing market and more propertyowners--particularly frustrated homeowners who are unable tosell--are transforming their houses and condominiums to rentalproperties. With an influx of renters, comes the need for fasterways to approve the renting of an apartment or home, screeningcompanies concur.