Dear Openroom Community Members,

As we build Openroom, Vishal (CTO & Co-Founder, Openroom) and I (CEO & Co-Founder, Openroom) get to meet other great teams that are building towards a better future in the rental ecosystem.

As of November 2024, our latest is with SingleKey and this is our run down!

What are we doing together?

SingleKey and Openroom are partnering to empower landlords with more information about their prospective tenants so they can safely choose the best fit for their rental property. This means that court orders from Openroom’s extensive, crowdsourced database will be collected in a detailed tenant screening report from SingleKey, providing landlords with enhanced data to identify potential tenant red flags. 

What is SingleKey?

SingleKey is a digital platform that offers tenant screening and rent guarantee services to small landlords so they can get all the verified tenant data they need to make an informed decision while protecting their rental investments from tenant defaults.

What is Openroom?

Openroom aggregates tenancy court orders across Canada, extracts information from them, and puts it to public use by individuals like yourself. It is a must-use platform to do the first check on who you are renting to and who you are renting from. Openroom offers searches for Canadian court orders related to tenant and landlord disputes, as well as reporting rental debt into the Equfax to negatively impact credit history.

What does it look like?

Openroom shows up within the section for public searches on the SingleKey Tenant Screening Credit Report.

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Why is SingleKey a trusted partner of Openroom?

SingleKey was founded to help take the risk out of renting for small landlords. This mission is fueled by enabling access to data from trusted sources, such as Openroom's proprietary court order data of evictions or unpaid rent, so property owners and landlords can make smart rental decisions.  

What else does SingleKey offer?

SingleKey gives small landlords the confidence to rent out their properties with a streamlined, online tenant selection process that guides users from collecting leads to signing the lease: 

• The Tenant Screening Report combines a full credit check powered by Equifax, TransUnion, and Nova Credit with built-in AI-powered tools to prevent ID and rental document fraud. This creates a complete overview of a tenant’s credit, rental, and employment history in one easy-to-understand summary.
• Rent Collection is an automated tool that helps landlords avoid late rental payments with direct rent deposits, automatic payment reminders to tenants, and email notifications when payments have gone through.  
• Rent Guarantee gives landlords the ultimate peace of mind with financial and legal support in case of missed rent payments, lease breaks, property damage, or an eviction.
• Free Online Leasing: draft and sign the Ontario Standard Lease agreement, and send it out for online digital signatures. They even ask tenants for proof of renter’s insurance before they sign.

What discounts are there for Openroom Community Members? 

There is a 10% off tenant screening report and first month off the Rent Guarantee just for Openroom Plus community members. That's sweet!

Cheers to the future of a transparent and connected rental ecosystem!

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