Z score promises a better way to vet potential tenants

August 12th, 2016  |  Home

There are few advantages to owning a home including the opportunity to make some income off of it by renting it or part of it out. But finding a tenant that you can rely on to make that income isn’t easy. Until now.

The Zora “Z score” is the brainchild of Milan Vrekic, who after struggling with being a landlord himself, decided there had to be a better way to find good long-term tenants than going through the hassle of asking for credit checks or joining some expensive tenant reporting site. A Z score provides a number from 1 to 100 based on over 80 factors to determine how good a tenant a person would make. The best part is, it’s free for the tenant and only a $1.99 per rental per month for the tenant.

As MoneySense covers in their in-depth feature, the idea is to look at qualities that actually contribute to what makes a person a good tenant instead of what a credit check does, which at best provides a look at what kind of spending history you have and that’s it.

Landlords want a tenant that not only pays bills on time, but will renew their lease to avoid what’s referred to as “churn”. The process of screening new applicants and finding a new tenant can be pricey and eat into your income instead of supplementing it. The Z score is another great example of how good technology can save you time and money, just like us!