Fidelis Asset Management, LLC.

Fidelis Asset Management, LLC. focuses on providing comprehensive tenant screening solutions to landlords, facilitating the identification and acquisition of reliable tenants through its advanced services. Founded in 2007 in the United States, Fidelis Asset Management, LLC. specializes in tenant screening services.

The firm has executed a total of 1 deal, with its most recent deal occurring on August 4, 2022, when it was acquired by Roofstock, Inc. RentPrep specializes in comprehensive tenant screening solutions aimed at landlords seeking to identify and secure high-quality tenants efficiently. The company offers several core products, including a Credit Report and Full Background Check service, both delivered through the Stessa platform. These services utilize FCRA-certified screeners to verify applicant identities and validate background check results, providing landlords with thorough insights into potential tenants' credit history, criminal backgrounds, eviction records, and more.

The typical customer base includes individual landlords, property management companies, and larger institutional owners across various geographical markets, including the United States. By employing these detailed screening solutions, RentPrep assists landlords in reducing tenant default risks and minimizing the costs associated with evictions. RentPrep generates revenue through a structured transaction model based on service fees for tenant screening reports. The pricing plans include individual offerings such as the Credit Report and Full Background Check, each available for a specific fee, as well as a Complete Screening Package that combines both services at a bundled rate.

Customers can opt for landlord or tenant pay options, adding flexibility to the transaction process. Revenue is derived primarily from B2B interactions, where landlords and property managers pay for screening services on a per-transaction basis. This transactional structure is designed to accommodate both small-scale landlords and larger entities, ensuring that RentPrep's offerings meet a diverse range of needs in the tenant screening market. Fidelis Asset Management, LLC.

plans to leverage recent funding to enhance its product offerings and expand its market reach. With the acquisition by Roofstock, Inc. in August 2022, the company aims to develop new screening solutions that cater to evolving landlord needs and explore new geographical markets in North America and potentially Europe by late 2024. The strategic focus is on innovative service enhancements that can be rolled out to existing customers while attracting new clients in these regions.