Matrix Rental Solutions

Matrix Rental Solutions is a five-employee software company based in New York, New York. The company was founded to address the shortcomings of traditional credit scoring systems in accurately assessing the financial stability of prospective renters, particularly those from marginalized communities. Matrix Rental Solutions specializes in providing property managers with an "ability to pay" score, calculated using a comprehensive analysis of a tenant's assets, income, and previous rental history. This alternative scoring system provides a more inclusive and accurate representation of a tenant's financial profile, mitigating the risk of source of income discrimination and streamlining the underwriting process. By automating many aspects of the tenant screening process, Matrix Rental Solutions significantly reduces the time required for tenant approval, potentially shortening it by up to 50%. This shortened processing time is particularly beneficial for Affordable Housing properties, where traditional methods can lead to prolonged vacancies and financial losses for property managers. For more information about Matrix Rental Solutions and its innovative tenant screening solutions, visit their website at mymatrixrent.com.