RentSpree launches a clearer, faster way to verify renter income
RentSpree, a leading U.S. rental software platform, has rolled out an income verification report designed to make tenant screening more reliable and less time-consuming. Instead of relying solely on uploaded documents, the new feature analyzes an applicant’s bank account transactions over the past 12 to 24 months. The result: a more accurate view of income and a stronger defense against fraudulent claims that can derail a lease.
How the integration with Finicity works
To power the report, RentSpree partnered with Finicity, a Mastercard company. Applicants connect to their bank through a secure, encrypted sign-in—designed as a one-time connection—so a detailed financial report can be generated. Because the data flows directly from the bank via an encrypted channel, rental agents get added confidence in the authenticity of what they’re reviewing. The approach underscores RentSpree’s focus on tackling rental fraud without adding friction to the process.
Built for what rental agents actually need
Income verification is a critical piece of tenant screening. It complements a credit check by revealing whether income appears steady and sufficient, not just whether bills were paid in the past. This release becomes RentSpree’s fourth reporting tool, joining credit, background, and eviction checks. By trimming the time agents spend gathering and sorting documents, it helps teams move faster while still confirming whether an applicant is likely to meet monthly rent.
What RentSpree’s CEO is seeing
According to Michael Lucarelli, RentSpree’s CEO and Co-Founder, the update addresses a pain point agents face every day: quickly confirming that an applicant can afford the unit. The new report relies on actual transactions to verify income, which gives agents clearer evidence to support screening decisions and sets expectations early for everyone involved.
Fraud is rising—and widespread
There’s a reason this matters now. Surveys point to a troubling uptick in rental application fraud, with falsified pay stubs showing up far too often. Roughly 93% of property managers report encountering fraudulent behavior over the last year. By grounding income checks in verified transaction data, RentSpree’s feature is designed to help protect property owners and managers from preventable risk tied to unreliable information.
A smoother experience across RentSpree
RentSpree is known for rental software that feels approachable yet robust. The income verification report fits that mold: it brings more clarity into a key step without asking users to relearn their workflow. It’s another step in the company’s ongoing push to make rental tasks both simpler and more effective for everyone involved.
About RentSpree
Based in Los Angeles, RentSpree provides award-winning rental software that connects real estate agents, landlords, and tenants across the U.S. Through a secure, user-friendly platform, it offers tools for tenant screening, rent payment processing, and marketing—each built to streamline daily tasks and reduce busywork. Trusted by over two million users nationwide, RentSpree is recognized among the top rental platforms in the country and has earned a spot on the Inc. 5000 list of fastest-growing private companies for three consecutive years.
Frequently Asked Questions
What does the new income verification report actually do?
It confirms an applicant’s income by analyzing 12 to 24 months of bank transactions, giving agents a clearer, data-backed view of whether the applicant can afford the monthly rent.
How is the bank connection kept secure?
Applicants connect through Finicity (a Mastercard company) using a one-time, encrypted login. The data is transmitted securely to generate the report, helping ensure authenticity and privacy.
Why add income verification on top of a credit check?
A credit check shows payment history. Income verification shows the money coming in. Together, they provide a more complete picture of financial stability and the likelihood of paying rent on time.
What types of fraud does this help address?
It’s designed to combat common issues like falsified pay stubs and other misrepresented details that show up in rental applications, giving agents a stronger basis for screening decisions.
What else can I do with RentSpree?
Beyond income verification, you can use RentSpree for tenant screening, rent payment processing, and marketing—tools built to streamline the rental process for landlords, agents, and tenants.
