Indian Portal MagicBricks Rolls Out Tenant Screening Service

by Harvey Hancock
June 9, 2023

MagicBricks has launched a tenant screening service called Know Your Tenant (KYT).

Using KYT, MagicBricks has promised homeowners that they will get verified tenants that negate common risks including non-payment of rent, criminal activity and litigation.

KYT ranks prospective tenants based on information available via public records, and MagicBricks says matchmaking will be up to 20% faster.

Meanwhile, MagicBricks has also launched a tenancy guarantee service whereby owners can commission MagicBricks to find tenants within a pre-defined time limit, with MagicBricks liable to pay $600 in compensation to the owner if it fails to beat the deadline.

 

by Harvey Hancock
June 9, 2023
Harvey is an accidental real estate journalist and professional copywriter. He has written about the property industry since 2015, starting at The Property Franchise Group in the UK, before moving to Spain to work for Spotahome. He has worked as a freelance copywriter since 2021, with a special focus on startups real estate. Harvey joined Online Marketplaces as a News Editor in 2022, writing over 2000 news stories and interviewing dozens of high profile industry leaders both in-person and as a co-host of the PPW Podcast.

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