Leading Irish platform for renters, landlords and estate agents, RentDodo, has today announced the launch of its unique new feature, TenantCert. This latest addition to the PropTech company’s offering aims to help eliminate growing levels of rental fraud in the midst of a housing crisis. RentDodo provides tenants with an easier and more secure rental experience, mitigating friction points between landlords, and property managers.
Through TenantCert, both renters and landlords can verify their identities digitally, removing the hassle, paperwork and security checks involved. Users of the new feature simply need to upload personal information and share their profiles through a link, no paper documents or email attachments required. It also provides income verification for property seekers to demonstrate that they can afford to pay the rent without divulging sensitive information. Users simply need to verify their monthly income using open banking, eliminating the need to share copies of payslips and bank statements.
According to the ESRI, 29 percent of households are renting in Ireland. With housing demand exceeding supply, rental fraud continues to increase. This occurs when potential tenants are duped into paying deposits and additional fees for properties that don’t exist. Figures from An Garda Siochana show there was a 38% increase in accommodation fraud in Ireland alone last year. TenantCert aims to help curb this growing problem through its ability to verify identities, earnings and properties for all involved.
Founded in 2021, RentDodo enables users to manage their entire rental journey on one platform and is compliant with tenancy and data protection regulations. Free to use, it’s hoped the TenantCert feature will become the new industry standard for renters, landlords and letting agents across Ireland.
Speaking about the launch of TenantCert, RentDodo Co-Founder Conor McGarry said:
“We are delighted to launch TenantCert, a new feature which aims to help renters and landlords provide verification digitally to help eliminate fraud in the rental sector. An increase in rental scams over the past two years has added an unnecessary layer of stress and hassle for renters, landlords and estate agents. Through TenantCert we hope to provide all of our users with that added level of assurance and security whilst navigating an extremely turbulent housing market.”