# Introduction to Rentzap

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Come visit us at <https://www.rentzap.com> for more information
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## What is Rentzap?

* Rentzap is a third-party rental application underwriting service.&#x20;
* Property managers partner with Rentzap to process their applications from "app thru approval"
* Rentzap is responsible for deciding if applicants meet or don't meet rental criteria set for a listing in advance by the property manager.

## How is Rentzap different than application software?

* Unlike application software, Rentzap is a full underwriting service. Rentzap provides an underwriting service similar to what a mortgage company provides. Rentzap handles all of the follow up, communication, documentation gathering, verification and more.

## What does Rentzap do?

* Provide online Rental Applications to applicants
* Answer applicant questions regarding the application process
* Follow up uniformly with applicants at all stages in the process
* Collect and verify Supporting Documentation with third-party sourced data
* Evaluate verified application data against preset rental requirements
* Manage a "First In First Out" queue of applicants to ensure fairness
* Handle denials and application fee refunds

## Benefits of using Rentzap

**Time Savings:** We take care of *all* the tasks associated with processing rental applications, such as background checks and income verification and more

**Increased Accuracy:** We combine sophisticated technology with an experienced team of underwriters to accurately and quickly assess an applicant's financial stability.

**Compliance:** We are knowledgeable about the latest rental laws and regulations and ensure that property managers remain compliant with them.

**Reduced Risks:** We help detect and prevent fraudulent applications and identify applicants with a history of rental problems.

**Improved Tenant Screening:** We offer a more comprehensive and thorough screening process, which can result in better-quality tenants who are more likely to pay rent on time and take good care of the property.

**Cost-Effective:** We are more cost-effective than hiring and training in-house staff to handle the process. Our service benefits from economies of scale and we pass the savings on to property managers.

**Access to Expertise:** We bring a wealth of expertise to the table having processed thousands of applications and can provide valuable insights to property managers and and their applicants

## Pricing

* Rentzap is **free of cost** for property managers with 100 doors or more.&#x20;
* We charge $75/mo for property managers with less than 100 doors&#x20;
* We charge a non-refundable application fee to adult applicants, typically between $55-65 depending on the market.
* Applicants are able to "re-use" their Rentzap application without any additional costs across available listing on our platform for up to 60 days.

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