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.
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