Simplify your Applicant Approval Process with Income Verification

June 24, 2024

|

Vanessa Perry

Image of a dollar sign and check mark to represent income verification

From credit and criminal reports to identity and income verification, Rent Manager’s built-in screening partner—AmRent—provides resident solutions for property managers to make appropriate decisions and identify the right applicants for their various communities. Luckily, this is a one-stop service available to help with all your background check needs!

Income Verification—Powered by AmRent

Ensuring applicants meet your community’s financial requirements is an important step in the screening process. With Rent Manager’s new Income Verification feature—powered by AmRent—you can quickly and securely obtain insight into your applicants’ financial status by reviewing recent bank activity.

Benefits of the Verification Process

Income Verification in Rent Manager is compatible with more than 10,000 financial institutions, enabling you to operate with confidence. This helpful tool also delivers an additional layer of knowledge to make an informed decision about potential tenants—giving you more peace of mind.

Income Verification in Rent Manager

The process involves three simple steps for you and your applicant to follow. Here’s how it works:

Step One: Send the Applicant a Secure Link

Once you’ve initiated the process, the applicant will automatically receive a secure link via SMS, sent from Rent Manager.

Step Two: The Applicant Provides Bank Account Information

Using the texted link, the applicant logs into their bank account, grants permission for access, and chooses the accounts they wish to include in the bank account snapshot that you will receive.

Step Three: View the Applicant’s Banking Activity

Once complete, a read-only report of the applicant’s recent financial activity is sent to your Rent Manager system for you to review.

Conclusion

Income Verification is a great addition to your resident screening strategy. It allows you to simplify the applicant review process and make informed decisions for your community. Need help getting started? Search “Income Verification” in the Rent Manager Help File, or contact our Customer Support Team at 513-583-1482 or support@rentmanager.com.

Related Articles