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Fortress, a real estate technology firm that creates property management software solutions for multi-family and commercial property owners and operators, announces a record first quarter for the company. Adding 59 new properties to the software, Nashville-based Fortress on-boarded 10,000+ units in Q1 alone, bringing its total units on the platform to more than 50,000.
“Coming off the heels of such a strong quarter, we have big plans for the future and are excited to continue innovating to meet the needs of our clients,” said Fortress Founder and CEO Kerri Davis. “Our goal with Fortress is to make the lives of property managers and owners easier. Every new property added is a testament to the platform’s success and the benefit of having a core property management software with everything in one place.”
In addition to onboarding a record number of properties and units in Q1, Fortress significantly grew its team, adding 10 new employees since the beginning of 2022. Notably, Lori Marada joined as Senior Vice President of Client Success. A multifamily industry veteran, she oversees customer experience. From creating well-orchestrated onboardings and prioritizing robust in-system training, to charting long-term roadmaps for success, Lori and her team ensure each customer realizes the value and outcomes they're looking for with Fortress.
Marada's deep experience in both PropTech (Knock CRM, RealPage, Yardi) and with multifamily operators (Fairfield and Fogelman), paired with her years of consulting and advising customers, positions her to have a deep understanding of market needs. A founding member of the YieldStar team that built and operationalized Revenue Management for the multifamily industry, she is excited to be disrupting the real estate industry with the Fortress team.
The following individuals also joined the company in Q1:
- Andrew Harris | Director of Marketing
- Gwen Regan | Affordable Housing Product Owner
- Kyle Brumbley | Senior UX/UI Designer
- Jaidee Somero | Senior Accountant
- William Sams | Senior Software Engineer
- Laurie Willey | Content Creator
- Mei Tsai | UX Designer
- William Nkosi | Mobile Engineer
- Anton Grokhovskiy | QA Engineer
For more information on Fortress and its property management solutions, visit FortressTech.net.
Fortress, a real estate technology firm that creates property management software solutions for multi-family and commercial property owners and operators, announces the expansion of its workflow solutions through its newest integration with The Work NumberⓇ from Equifax. The Work Number is the industry-leading, centralized commercial repository of income and employment information in the U.S. Through this partnership, The Work Number will help affordable housing properties across the country save time and money.
“With Fortress, we aim to make the lives of property managers and owners easier by creating a core property management software with everything in one place,” said Fortress Founder and CEO Kerri Davis. “We’re grateful to bring automated income and employment verification and other solutions to the country’s critical affordable housing communities through our integration with The Work Number. We are focused on creating robust and embedded integrations as we continue to improve our platform.”
How It Works
When affordable housing properties need to verify potential residents, they look for solutions like The Work Number to instantly pull employment and income records. This integration allows on-site teams to submit income verification screenings and receive results within seconds, which is a time-saver since the alternative requires manually obtaining this information from applicants.
The Work Number integration utilizes a Social Service Verification (SSV) screening function. When this feature is active, affordable housing property managers and owners have the ability to screen each leaseholder’s employment records and can drill down on specific paystub details for each record through a second screening submission. This can help the property determine if this applicant is eligible and meets income requirements to rent a home.
Why It Works So Well
The qualification process can be expensive for affordable housing properties. Each screening costs a fee. This integration may result in more qualified renters since the income verification comes directly from employers, potentially saving time and money for each property. In addition, The Work Number will leverage better and more efficient workflows for each request with the following key features:
- Permissions: Administrators on the platform can use permissions to help control costs and limit access to the appropriate team members.
- Documentation and Result Visibility: When screenings occur, results are automatically displayed, and a report is matched to the appropriate tenant profile for reference and compliance purposes. With Affordable Screening Benefits, income verification is a required step for affordable housing certifications and needs to be pulled consistently within certain timeframes. Since the results remain in the tenant profile with the date of last screening, users can quickly determine if a “re-screen” needs to be completed, which prevents “over-screening” and saves money for the property.
- Reporting: A report can be pulled for any date range and will display summary information, a breakdown of the screenings that occurred, and total screening cost for that timeframe.
The Fortress team is also developing an integration with The Work Number to offer its users income and employment verification for market-rate applications in addition to affordable households. For more information on Fortress and its property management solutions, visit FortressTech.net.