Rentec Direct and The Closing Docs Release New Income Verification Feature

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Property management software program, Rentec Direct, partners with leading automated income verification company, The Closing Docs, to improve tenant screening process.

Rentec Direct partnerw with The Closing Docs

Rentec Direct has partnered with The Closing Docs to expedite and enhance the tenant screening process.

“As a landlord myself, I understand the importance of carefully screening tenants and using a variety of information to make an informed decision,” said Nathan Miller, President of Rentec Direct.

Rentec Direct, the highest-rated property management software solution, has partnered with The Closing Docs, an automated income verification company, to expedite and enhance the tenant screening process for landlords and property managers. By incorporating this solution from The Closing Docs, Rentec Direct users can now easily order automated income verification reports during the tenant screening process.

“As a landlord myself, I understand the importance of carefully screening tenants and using a variety of information to make an informed decision,” said Nathan Miller, President of Rentec Direct. “Traditional methods of verifying income can be slow, error-prone, even fraudulent, and cost you a lot of time. With automated income verification, landlords can quickly generate an easy-to-read report to help streamline the tenant screening process.”

“Instead of asking property managers to interpret disparate data or chase down applicants for info, a couple clicks in the Rentec Direct workflow provide instant access to better information,” said Mark Fiebig, Founder, The Closing Docs. “We’re thrilled to support the best in the business. Together, we’re shortening marketing time and reducing risk.“

Rentec Direct users can now include automated income verification when ordering tenant screening reports that illustrate applicant credit, criminal and eviction history. The automated income verification report provides a quick and easy way for landlords to see actual net income, with data drawn directly from the applicant’s primary bank account - the most reliable source for learning someone’s capacity to pay rent going forward.

Applicants use their computer or mobile device to securely log in to a bank account, and The Closing Docs then automatically generates a report summarizing deposits, identifying employers, and showing monthly and annual net income figures. Applicants can review the report for accuracy and add explanatory statements if desired, but cannot change the contents of the report. The completed report is then instantly available to property managers for review.

Rentec Direct chose to partner with The Closing Docs to implement this new feature so landlords are positioned to make the best-supported tenant approval decisions possible. With this release, Rentec Direct now provides the most comprehensive tenant screening package in the market for property managers and landlords.

To learn more about the benefits of automated income verification, visit: https://www.rentecdirect.com/blog/income-verification/.

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About Rentec Direct
Rentec Direct offers industry-leading property management software and tenant screening solutions for real estate professionals. Features include online rent payments, tenant and owner portals, the industry’s largest vacancy listing syndication network, full property, tenant, and owner accounting, 1099-MISC reporting and more. Rentec Direct received the Real Estate Company of the Year Award in the 2019 American Business Awards, has been named to the Inc 5000 List of Fastest-Growing Private Companies for three years in a row (as of 2019), and also was included on the 2017, 2018 and 2019 Entreprenuer360 list for Best Entrepreneurial Companies in America. http://www.rentecdirect.com

About The Closing Docs
The Closing Docs, based in tech-centric Seattle, was founded in order to streamline income screening for property managers and lenders. More accurate applicant income information aggregated into normalized reports has significantly decreased processing time (~30%) for rental applications and increased funding rates (~15%) for loans. Bolstering business for property managers and underwriters by giving them faster access to better data is a big step forward. With The Closing Docs, teams close more deals. Faster. http://www.theclosingdocs.com

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Brentnie Daggett
Rentec Direct
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