VERO1 Proven to Cut Delinquency, Boost Occupancy, and Streamline Leasing Across Multifamily

NEW YORK, Sept. 11, 2025 /PRNewswire/ -- Two years after first introducing VERO1, VERO, the modern resident screening platform for multifamily owners, operators, and property management companies, today announced the nationwide rollout of its proven centralized screening service.

First launched in 2023 as the industry's first centralized approach to screening, VERO1 has since been refined and validated in partnership with leading operators, including Gables Residential, GoldOller, and Asset Living. Results show measurable reductions in delinquency, stronger occupancy, and stabilized net operating income (NOI). With this validation, VERO1 is now broadly available to both mid-market and enterprise operators nationwide.

VERO1 pairs VERO's automated screening platform with a centralized team of analysts to deliver only ready-for-decision applications. This applicant-driven process accelerates leasing, eliminates fraud risk, and reduces manual work to free onsite teams to focus on residents rather than paperwork.

Proven in the Field

• VERO1 was successfully battle-tested in high-fraud markets such as Atlanta, Houston, and Dallas, particularly in Class C assets, where performance improvements are notoriously difficult to achieve. Even in these challenging environments, VERO1 consistently reduced delinquency, lifted occupancy, and stabilized portfolio performance.
• GoldOller increased overall occupancy by 5% and improved collection rates by 6% at one property. Operational risk decreased significantly, with zero write-offs, skips, evictions, or defaults, and a 0% delinquency rate.

Solving an Industry-Wide Problem
The multifamily industry is facing unprecedented pressures:

• 92% of properties report experiencing application fraud.
• Owners write off an average of $4.2 million annually due to bad debt.
• Evictions tied to fraudulent applications account for nearly one-quarter (24%) of move-outs in the past three years.
• Screening timelines have ballooned to 7+ days as operators try to manage the growing complexity of verification.
• Meanwhile, rents are rising 3.5x faster than real wages, putting further pressure on occupancy and collections.

VERO1 directly addresses these challenges by delivering consistent, transparent, and fraud-resistant leasing decisions across markets and asset classes. VERO customer, Camden, recently announced on their 2Q25 earnings call that it saw bad debt drop back to pre-COVID levels, average occupancy rise to 95.6%, and record resident satisfaction at 91.6% after deploying VERO's platform across its 59,000-unit portfolio.

"VERO1 has moved beyond vision to proof," said Jamey Rosamond, CEO of VERO. "What started as an idea two years ago has been validated by some of the industry's largest operators. Today, VERO1 stands as a proven model for reducing delinquency, driving occupancy, and helping owners and PMCs stabilize performance in a difficult market."

"VERO1 has allowed our clients to cut through the noise of bad applications and focus on resident experience and retention," said Michael Wagnon, VP of Customer Experience. "This translates into higher occupancy, stronger collections, and even a 0% delinquency rate. These outcomes simply weren't possible under traditional screening."

Availability
VERO1 is available today to mid-market and enterprise property owners and managers nationwide.

Learn more at sayvero.com/vero1 or meet the VERO team at Blueprint Las Vegas, Booth #107, Sept. 16–18, 2025.

About VERO
VERO is the modern resident screening infrastructure for multifamily owners, operators, and renters. Designed to automate operations and mitigate risk, VERO tackles today's broken leasing process into one simple platform that delivers impressive results. By implementing proprietary technology, VERO makes lease management easier and more efficient for property managers while providing transparency and NOI protection. VERO's partners include industry leaders such as Camden, Gables Residential, GoldOller, and Asset Living. Learn more at sayvero.com.

SOURCE VERO