Vacation rentals, as the name suggests, are to rent furnished apartments, houses, bungalows, villas, and likewise to tourists for a specific period of time (which varies from a few days to weeks). The variety of accommodations is vast as the properties for vacation rentals are privately owned. This gives the industry advantage of providing the customers with a pool of choices to make from. The most common way of doing vacation rental business is through registering the properties on various online listings, which basically provides a common platform for both the owners to display their properties for bookings and guests to make their choice of stay, all online. The vacation rental market has seen huge success as it proves to be a better alternative to hotels in some scenarios. They tend to give a homelike stay to the guests with the availability of more space than hotels, and that too at a cheaper cost. The properties for vacation rentals often include a kitchen, which in turn proves to be another cost-saving option for the guests. 

Vacation rentals are great for the owners, the guests, and the online mediums connecting the former if and only all the potential risks are taken care of. One way to be prepared for any risk is to perform a thorough ID verification of both the owners as well as the guests.

With various technological advancements, everything is getting digitalized. Accordingly, almost every booking for vacation rentals is made online without an actual meeting of the owners of the property with the guests. This seamless process that sounds quite appealing, opens the route for bad actors with a variety of scams. They use fake or stolen ID documents for the bookings and might as well pay using stolen credit cards for their vacation. This major scam can be prevented if the guests undergo a thorough ID verification process prior to making any reservations and payments. Mandatory ID verification would help kick out the scammers and allow only legitimate bookings, filtering the process automatically.

It’s highly essential to ensure the guests are not shady, and that can be done by running different background checks. An owner might get in trouble if his property gets rented to them. Even though the majority of guests are legitimate people with no such bad intentions, there have been cases of drug abuse and other sorts of illegal activity taking place in different rentals. By making sure the guests undergo a thorough ID verification procedure helps to understand their history in criminal behavior and to stop any illegal activities. 

There have also been numerous instances of property damage, neighbors getting disturbed, complaints of loud music, and more. ID verification helps in screening the potential guests who are likely to cause such troubles as a result of late-night partying. It would help in identifying such red flags who most likely belong to the age group of the ’20s and tend to book vacation rentals in the same areas where they live for a night to throw late-night parties. Therefore, a complete ID verification can help in determining little to major details of the guests wanting to rent a place.

With AZYO in the market, the procedures that might seem a little complex can be simplified. Even when everything is taking an online shape, ID verification does not create challenges, instead, it’s more accurate.

AZYO’s Artificial Intelligence and its subsets of machine Learning plus deep learning make it possible to accurately process, verify, and authenticate identities at scale. AZYO has developed advanced facial recognition algorithms to identify all the characteristics by pinpointing and measuring facial features from any human face for the purpose of identification or authentication. AZYO’s facial recognition technology with liveness detection solves the biggest problem in the identity verification space.