Streamline Your Multifamily Income Verification Process Today

Hi there,

Ensuring applicants meet your property’s financial requirements is an important step in the resident screening process. Gone are the days of traditional income verification practices when prospective renters had to provide several documents to prove their financial status. Property managers across the country are transitioning to automated income verification methods to increase the accuracy and speed of the information received, reduce the likelihood of fraud, and lessen potential friction with new residents.

As you prepare to screen potential renters, let Rent Manager’s Income Verification feature—powered by AmRent—help you identify the right applicants for your properties and units. With compatibility across more than 10,000 financial institutions, Income Verification gives you quick, secure insight into your applicants’ financial status by reviewing recent bank deposits.

The process involves three easy steps for you and your applicant to follow:

Step One: Send the Prospect a Secure Link

Once you’ve started the process, the applicant receives a secure link via text message.

Step Two: The Applicant Provides Bank Account Information

Using the provided link, the prospect logs into their bank account, grants permission for access, and chooses which accounts to include in the account snapshot you’ll receive.

Step Three: View the Applicant’s Banking Activity

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

Income Verification is an efficient, effective addition to your resident screening strategy. This valuable resource also reduces the likelihood of fraudulent practices by receiving information directly from a verified source. To start making better-informed decisions for your community and capitalize on all of Rent Manager’s multifamily property management solutions, contact us today.