LexisNexis® Announces Comprehensive Resident Screening Benchmarking Tool to Increase Tenant Revenue While Minimizing Risks
LexisNexis® Resident Screening Marketplace Intelligence helps leasing agents, property managers and investors proactively adjust leasing guidelines and provide better property performance by attracting highest-quality residents
ATLANTA — LexisNexis® Risk Solutions today announced the launch of LexisNexis® Resident Screening Marketplace Intelligence, an easy-to-use solution that offers leasing agents, property managers and investors instant access to daily reports on resident property performance against millions of annual LexisNexis resident screening searches. Using this predictive and proactive benchmarking and analytics tool, multi-family housing management companies with more than 100 units will be able to strengthen their resident business strategy, enhance their property portfolio and attract the highest-quality residents by making smarter, more profitable decisions.
For example, on-site leasing agents can use Marketplace Intelligence to tweak leasing data based on current market data to lift occupancy rates. They can also use the tool to see real-time property performance down to the county level against industry benchmarks.
"If you surf the Web or shop on-line, you can use our benchmarking tool, it's that easy," said Ginny Gomez, vice president, product management, Screening, LexisNexis. "What's remarkable about our service is the quality of in-depth data that is easily accessible. Marketplace Intelligence analyzes a firm's search history and automatically performs a precise comparison against all LexisNexis search activity dating back two years. For example, leasing agents and property managers can build property report views in minutes to support a new leasing strategy or a recommendation to purchase property based on detailed demographics."
Among its many advanced features, Marketplace Intelligence allows users to build instant property views by simply accessing a link on their LexisNexis Resident Screening home page. This builds a real-time data overview that is updated daily. Available analysis include attractive line charts, bar charts and color-coded national maps that allow users to track and compare activity for their property against a national benchmark for the following categories:
- Financial analysis for trending data on credit scores, monthly incomes, landlord debt and evictions data.
- Criminal hits for both felonies and misdemeanors by overall percentages and by offense type.
- Decision analysis for common decision types including approved, approved with conditions, declined and further review.
- Location analysis for a detailed, illustrative representation of credit score and criminal hit activity that offers county-level drill-down capability.
A demonstration of Marketplace Intelligence can be viewed via the following link: http://www.lexisnexis.com/risk/screeningdemos/marketplaceintelligence/
About LexisNexis Risk Solutions
LexisNexis® Risk Solutions (www.lexisnexis.com/risk/) is a leader in providing essential information that helps customers across all industries and government predict, assess and manage risk. Combining cutting-edge technology, unique data and advanced scoring analytics, Risk Solutions provides products and services that address evolving client needs in the risk sector while upholding the highest standards of security and privacy. LexisNexis Risk Solutions is part of Reed Elsevier, a leading publisher and information provider that serves customers in more than 100 countries with more than 30,000 employees worldwide.
Our screening solutions assist employers, non-profits and multi-family housing managers with making quicker and more confident applicant selections based on industry-leading background checks and drug testing.
LexisNexis Risk Solutions