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RentRedi offers automatic tenant income and asset verification to help landlords get a deeper understanding of each applicant’s financial stability. This verification is powered and certified by Plaid, allowing secure access to verified financial information directly from the applicant’s bank account.
When applicants complete tenant screening, they will pay $49.99 total, which includes:
$39.99 – TransUnion background check (credit, criminal, and eviction reports)
$10.00 – Plaid-certified income and assets verification
This combined screening gives landlords a more complete financial picture of prospective tenants while keeping the process fast and automated.
Income & Assets Report Includes:
The income and assets report provides key financial insights about an applicant, including:
Overview – A summary of the applicant’s financial verification results
Income Summary – Verified income details
Total Earnings by Month – Monthly income breakdown
Income Source(s) Overview – Information about where the applicant’s income comes from
Asset Summary – Snapshot of the applicant’s financial assets
Account Overview – Linked financial accounts used for verification
These reports help landlords quickly evaluate whether an applicant has the financial stability to meet rent obligations. ✅
Why Income & Asset Verification Matters:
For Landlords
Income and asset verification helps landlords make more confident decisions by providing a clearer and more accurate financial picture of applicants.
Benefits include:
Better risk assessment when evaluating applicants
Reduced fraud by preventing fake pay stubs or bank statements
Verified financial data directly from the applicant’s bank accounts
Faster screening process with everything available in one place
For Tenants
The process also protects applicants and simplifies the application experience.
Benefits for tenants include:
No need to upload sensitive financial documents
Secure financial verification through encrypted connections
Greater privacy, since full bank statements and documents aren’t shared
Clear application guidance to help complete screening successfully
Secure and Private Verification
Because verification is completed through Plaid, applicants connect their financial accounts through a secure encrypted system used by many financial institutions and apps.
This ensures:
Sensitive financial data stays protected
Verification is accurate and automated
Landlords receive reliable financial insights
Landlords gain a more reliable way to evaluate applicants, while tenants enjoy a faster and more private screening process.
Frequently Asked Questions (FAQ):
What if an applicant doesn’t have a bank account?
Applicants can decline the income and asset verification step and provide a note to the landlord explaining their situation.
Important note: When income and asset verification is required for tenant screenings, tenants pay the full $49.99 screening fee.
Can a landlord turn this verification setting off?
Yes! Landlords can disable income and asset verification, if needed.