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LetFaster is a London-based startup that offers a state-of-the-art automated tenant screening platform utilizing biometric identity verification. Tenant screening is traditionally a time-consuming, labor-intensive, and expensive process, but LetFaster aims to change that by providing a turnkey solution that offers significant cost savings and streamlined workflows.
The Problem with Traditional Tenant Screening
Tenant screening is an essential part of the rental process. It allows landlords and property managers to assess the risk associated with renting to a particular tenant by evaluating their financial, rental, and personal history. However, traditional tenant screening methods are fundamentally flawed.
Paper-based applications and credit checks can be easily manipulated, and manual reference checks are often incomplete or unreliable. Furthermore, these methods are costly and time-consuming, leading to prolonged vacancy periods for landlords and frustration for tenants.
Automated Tenant Screening with LetFaster
LetFaster leverages the latest biometric identity verification technology to deliver a frictionless, fully automated tenant screening solution. By verifying tenants’ identities using biometric data, LetFaster ensures that only the right people are authorized to access the platform.
The platform’s machine learning algorithms can quickly assess tenant applications, including employment and landlord references, proof of income and address, and credit and criminal checks. This streamlined process provides landlords and property managers with an accurate and comprehensive assessment of their prospective tenants’ risk profile.
Advanced Security Features
LetFaster takes security seriously. The platform utilizes advanced cybersecurity measures such as key-based two-factor authentication and biometric identity verification to ensure that only authorized personnel can access the platform. These features not only improve the security of users’ data but also reduce the risk of fraud and cyberattacks.
LetFaster’s automated tenant screening platform represents a significant advancement in the rental industry. By automating tenant verification processes, landlords and property managers no longer have to rely on unreliable manual checks, reducing their risk while improving the tenant experience. With its advanced security measures, LetFaster provides peace of mind and a hassle-free tenant screening experience for everyone involved.
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