RentSpree Launches a New Income Verification Tool
RentSpree, a leading U.S. provider of rental software, has rolled out a new income verification report designed to curb fraud in rental applications and make screening more dependable. The tool reviews an applicant’s actual bank account transactions from the previous 12 to 24 months, giving a clearer picture of consistent income and cash flow. By relying on verified transaction data instead of easily altered paperwork, it improves the accuracy of income checks and cuts down on the risk that comes with falsified documents.
Partnering with Finicity for Secure, One-Time Access
RentSpree developed this capability in collaboration with Finicity, a subsidiary of Mastercard. Through this partnership, applicants connect through a secure, one-time encrypted session, sign in to their bank, and generate a comprehensive financial report. The approach is straightforward for the applicant and gives agents a trustworthy snapshot without prolonged back-and-forth. It’s quick, encrypted, and purpose-built for a single use—so you get the report you need without adding unnecessary steps.
A Practical Response to Rising Rental Fraud
Fraud has been on the rise in the rental market, and screening teams are seeing more fabricated pay stubs and misrepresented information. Recent survey findings reflect this increase, which makes robust, direct-source verification more important than ever. With RentSpree’s income verification, agents can more easily spot inconsistencies, reduce exposure to fraudulent submissions, and protect rental income. It’s one more filter that helps focus attention on applicants who can reliably afford the rent.
Streamlining the Application Workflow
The new report fits into RentSpree’s existing screening suite, which already includes background checks, credit reports, and eviction history. Bringing income verification into the same workflow saves time and manual effort for agents who might otherwise have to review PDFs, emails, and screenshots. It helps speed up decisions by showing whether an applicant’s income can support the rent. Michael Lucarelli, CEO and Co-Founder of RentSpree, has underscored that this improvement directly addresses challenges rental agents face every day—from verifying documents to making timely, well-informed recommendations.
Enhancing the Experience for Everyday Users
RentSpree focuses on tools that feel intuitive for agents and property managers who are juggling busy workloads. Adding income verification continues that focus: fewer uploads, fewer questions about authenticity, and fewer delays. The platform keeps evolving so it can meet real, on-the-ground needs, not just check a box.
Reliable Tools for Property Managers
For landlords and rental agents, dependable screening is essential. RentSpree’s suite—used by over two million users nationwide—helps manage applications with an emphasis on security, accuracy, and simplicity. From screening tenants to handling rent payments, the platform consolidates key steps so teams can work faster and with more confidence.
About RentSpree
Based in Los Angeles, RentSpree is an award-winning rental software provider that connects real estate agents, landlords, and tenants across all 50 states. Its trusted interface brings essential rental solutions into one place. The company has partnered with more than 300 major MLSs, real estate associations, and brokerages, expanding access to modern screening and application tools. RentSpree was named to the Inc. 5000 list of fastest-growing private companies in 2022, 2023, and 2024. For more details about RentSpree and its offerings, visit RentSpree.com.
Frequently Asked Questions
What does RentSpree’s income verification tool actually check?
It analyzes an applicant’s bank account transactions from the past 12 to 24 months to verify real income activity and provide a more accurate picture of their ability to pay rent.
How does the Finicity partnership make the process more secure?
Finicity, a Mastercard subsidiary, enables a one-time encrypted connection so applicants can sign in to their bank securely and produce a comprehensive financial report without sharing documents that can be altered.
Which fraud risks does this feature help reduce?
It addresses common issues like falsified pay stubs and misrepresented income details by validating information directly against bank transaction data.
How will agents and landlords benefit day to day?
They can spend less time chasing documents and more time making decisions, since income verification is integrated alongside background checks, credit reports, and eviction history in one workflow.
What does this say about RentSpree’s focus as a company?
RentSpree remains committed to practical, user-friendly tools that streamline rental screening, support secure decision-making, and help agents and property managers work efficiently.
