As the Short-Term Rental Market Expands, TransUnion Partners with ApartmentJet to Provide Property Managers with Tools Needed To Better Screen Tenants

CHICAGO, Feb. 08, 2018 -- Short-term rentals have caused major disruptions to the apartment industry, sometimes resulting in evictions, lawsuits and even regulatory changes. TransUnion (NYSE:TRU) today announced it has partnered with ApartmentJet, Inc. to help multifamily property owners and management companies better assess renters in this growing market.

ApartmentJet is one of the only short-term rental platforms built specifically to help multifamily owners and operators earn revenue with vacant units. It is estimated that 65% of booked nights in short-term rental agreements are in multifamily buildings, meaning criminal searches are becoming more essential in this area. To this end, TransUnion will provide ApartmentJet criminal background screening for every potential guest.

“We reduce the complexity of short term rentals for the multifamily industry to create newfound revenue streams, while providing peace of mind that the applicant has gone through a criminal background check,” said Eric Broughton, co-founder of ApartmentJet. “Partnering with TransUnion means that we will be able to provide a comprehensive, efficient criminal search so that we can protect property owners, residents, and guests alike.”

ApartmentJet also provides:

• An easy-to-use platform to help manage short term rentals for a single unit, community, or entire portfolio.
• A single place to manage your content, settings, pricing, and calendars. No need to sign in to different marketplace accounts for every property. In fact, there’s no need to ever leave ApartmentJet when managing your short term rentals.
• Peace of mind through the issuance of short stay insurance, compliance guidance on local ordinances, and the collection and filing of local taxes.
• A short term stay property management platform that allows you to view arrivals, departures, current guests, and upcoming visitors for a single unit, community, or portfolio.

“We are thrilled to partner with ApartmentJet as a forward thinker who is addressing property management companies’ biggest concerns with short-term rentals – criminal background checks,” said Maitri Johnson, vice president in TransUnion’s rental screening group. “Together, ApartmentJet and TransUnion’s industry-leading criminal background search service will help ensure guests are appropriately screened before getting keys to a short-term rental at an apartment community.”

For more information about TransUnion’s resident screening solutions, please visit https://www.transunion.com/product/resident-screening. Additional information about ApartmentJet can be found at http://www.ApartmentJet.com.

About ApartmentJet
Founded in 2016 and based in Chicago, ApartmentJet is a web-based platform to help multifamily property owners and management companies take advantage of the growing market for short-term rentals. With ApartmentJet, property managers can list apartments on short-term rental marketplaces like Airbnb and HomeAway, communicate with guests, run background checks, monitor portfolio performance, and generate revenue from vacant units, guest suites, and corporate housing.

About TransUnion (NYSE:TRU)
Information is a powerful thing. At TransUnion, we realize that. We are dedicated to finding innovative ways information can be used to help individuals make better and smarter decisions. We help uncover unique stories, trends and insights behind each data point, using historical information as well as alternative data sources. This allows a variety of markets and businesses to better manage risk and consumers to better manage their credit, personal information and identity. Today, TransUnion has a global presence in more than 30 countries and a leading presence in several international markets across North America, Africa, Latin America and Asia. Through the power of information, TransUnion is working to build stronger economies and families and safer communities worldwide.

We call this Information for Good. http://www.transunion.com/business