ABOUT THIS EPISODE
https://www.boompay.app/ - Why do most property managers require exactly 3x rent in income? Because nobody has actually tested it. In this episode, I'm joined by Rob Whiting, Co-Founder & CEO of Boom, to dig into the state of tenant screening.
- 00:00 - Intro
- 01:57 - Credit scores and their validity to tenant screening
- 10:20 - The Boom product environment
- 15:34 - The lack of data in tenant screening
- 21:39 - The state of tenant fraud
- 28:25 - Income verification
- 30:21 - The Boom elevator pitch
- 37:05 - Leasing, showing & listing
- 42:56 - Syndicating listings with Zillow
- 49:06 - Why Boom isn’t on Appfolio
- 53:45 - Scoring on Peter’s API Report card
- 55:43 - Getting in touch with Rob
We talk about whether credit scores still deserve a seat at the table, why "push button" screening is giving way to full decisioning platforms, and how fraud has expanded well beyond fake pay stubs (including a new Florida law). Rob explains how Boom verifies gig and self-employed income and how fast applications actually get decisioned.
We also get into Boom's new leasing CRM, Zillow's growing leverage over the industry, why Boom isn't in the AppFolio marketplace, and how Boom scored on my API report card.
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Programming note: This is a sponsored podcast special with Boom. I accepted support to take a deeper look at their platform, but the conversation, opinions, and questions are my own.
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Resources for Property Managers & Real Estate Entrepreneurs:
- Crane – Private PM Owner Community → Join a private network of property management owners and operators: https://joincrane.co/
- Free Weekly Newsletter → Property management insights, strategies, and industry updates direct to your inbox: https://peter.beehiiv.com/subscribe
- RL Property Management → Learn more about Peter's company and services in Columbus, Ohio: https://rlpmg.com/
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Disclaimer: The content of this podcast is for informational purposes only and does not constitute professional advice. I may have consulting agreements with, or financial interests in, companies mentioned in this podcast (more info here: https://www.peterlohmann.com/financial-interest-disclosure). Additionally, some of the links included may be affiliate links, meaning I may earn a commission if you purchase through these links. Always perform your own due diligence before making any financial or business decisions.
