We empower landlord to make informed decisions by verifying tenant's employment and income.
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.
The idea for Tenantify came when Songhua, our co-founder, found himself being a first-time landlord. He quickly realized that the tenant screening process stayed behind with the 20th century. For example, the most common practice in tenant screening is credit report. However, landlords often do not realize that a typical credit report from three major credit bureaus (TransUnion, Experian and Equifax) only indicates a tenant's long-term creditworthiness in the past 7 years. It says little about tenant's current employment status or his/her ability to pay rent. Some alert landlords request paper bank statements and pay slips to verify income, only to find that they need to watch out for fraudulent statements. Little do they know that many websites offer bank statement templates for free.
Thus the idea of Tenantify is born. Our co-founders bring years of experiences in financial innovation, fraud prevention, and business operations to the business, and Tenantify's mission cannot be more fitting to our experience and passion.
Simply put, we want to deliver an authenticated bank statement from tenant to landlord conveniently, securely and without fraud risk. At the same time, we have also decided not to touch anyone's sensitive personal information (especially tenant's bank account login credentials). After some careful explorations, we have decided to use a secured bank account API by partnering with DecisionLogic. DecisionLogic has all the convenience and security that we look for. Mostly importantly, its service module passes along bank account login credentials with a secure encryption technology and only returns us with the bank statement result. This way, Tenantify never needs to save bank account login credentials.
We will first ask tenant for employment details (title, employer name, address, phone number). Rather than taking the info at face value, we verify the info with trusted third-party sources (Yellow Page, Yelp, BBB, etc). We will then directly talk to employer via a verified phone number to get positive or negative confirmation. We then deliver the verification outcome and call note back to landlord.
As our product keeps evolving, we are sure to add more features. But at the end of the day, our goals remain the same: Empower landlord to make informed decisions! Please contact us at firstname.lastname@example.org with any questions/comments.
Songhua and Richard