Recently I discovered a great website for landlord to screen a tenant, and I cannot wait to tell you all about it. What intrigues me the most is that it leverages technology (bank API, specifically) to verify a tenant’s employment and income accurately.
As a landlord, I believe that your biggest worry is to make regretful decision of accepting a bad tenant. With Tenantify (https://tenantify.com), you should worry no more.
According to Tenantify’s mission statement, it is to empower landlord to make informed decisions by verifying tenant’s employment and income. It says on its about page, “We help landlord verify tenant’s income via electronic bank statement and verify tenant employment directly with employer. It is a free service for landlord. We save landlord hassle, prevent fraud risk, and make renting worry-free. For tenant, we enhance your chance of application success. Our goal is to reduce friction in the housing market and build trust between landlord and tenant.”
So how does Tenantify do it? It actually connects with the backend API of many banks to pull bank statement directly.
For landlord, there are four steps:
1. Sign up
2. Identify a tenant and send a verification request through Tenantify. This request will go to the tenant in an email. Landlord will be “cc”ed so you are always in the loop.
3. The tenant will click a unique link on the email. This will bring up a form where we gather info from tenant, especially the online banking credential that Tenantify uses to pull bank statement
4. Tenantify runs verification checks, send the result back to landlord and charge the tenant, all in 1 business day.
It is very unique, comparing to any other tenant screening services out there. For one, it directly verifies a tenant’s ability to pay rent (by extension, verifies a tenant’s identity as well). I cannot emphasize enough how valuable this information is to any landlord.