SingleKey

Overview:

SingleKey is more than just a background check service; it is a financial safety net for real estate investors. While traditional screening tools tell you if a tenant is risky, SingleKey puts money behind that assessment. By combining military-grade tenant screening with a "Rent Guarantee" program, they ensure that landlords get paid even when tenants stop paying. From drafting compliant lease agreements to collecting monthly rent and reporting it to credit bureaus, SingleKey digitizes and de-risks the entire tenant lifecycle.

Key Features:

The Rent Guarantee: The core differentiator. If a tenant stops paying, SingleKey pays the rent for up to 12 months (up to $60,000), covers up to $10,000 in property damage, and handles eviction legal fees. Comprehensive Tenant Screening: Delivers "Credit + Background" reports in under 5 minutes, including credit scores (Equifax/TransUnion), employment verification, social media scans, and past eviction history. Automated Rent Collection: A "set it and forget it" Direct Debit system that deposits rent directly into the landlord's account and reports payments to credit bureaus (helping tenants build credit). Fraud Detection: Uses AI-driven document analysis to detect tampered pay stubs or bank statements during the application process. International Checks: One of the few services offering credit checks for newcomers to Canada/USA from over 100 countries.

Technical Specifications:

Report Turnaround Time: Under 5 minutes for standard reports. Guarantee Coverage: Up to $60,000 in lost rent; $10,000 in malicious damage; $1,500+ in legal fees. Pricing Model: Screening: Pay-per-report (approx. $29.99 - $49.99 depending on package). Rent Guarantee: Starting at ~5% of monthly rent (paid by landlord or tenant). Rent Collection: Free for smaller portfolios (typically up to 3 units). Platform Support: Web-based (Desktop & Mobile optimized). Regions Served: Canada and USA.

Why You Need This (Benefits): Eliminate Eviction Nightmares: Evictions can take 6-12 months and cost thousands in legal fees. SingleKey absorbs this cost and manages the legal headache for you. Secure Cash Flow: For landlords relying on rental income to pay a mortgage, the Rent Guarantee ensures you never miss a payment, regardless of your tenant's financial situation. Stop Professional Tenants: The deep-dive background checks identify "professional tenants" who know how to manipulate the system, protecting your property from long-term squatters. Hands-Off Management: By automating the application, screening, and collection process, you save hours of administrative work every month.