FAQ – Application Process

APPLICATION PROCESS

What do you need to complete the application?

Please make sure to have these ready in order to complete your application:

Income Direct Deposit
Recent Pay Stub
Your credit is unlocked
Payment Source

It can take up to 15 minutes to verify all your information once you complete and submit your information.

How long does verification take?

Verification takes 15 minutes or less.

What reports are pulled?

RentZoot is powered by best in class verification tools.

Finicity - Verify: Income, Employment & Assets. No impact to the potential renter. Secure and encrypted. RentZoot uses it to create NTR™ and verify income.

TransUnion - Verify: Credit & Debt. No impact to the potential renter. Soft credit check. RentZoot uses it to create the RentZoot Verification Badge and verify monthly payments and debt.

Checkr - Verify: Criminal Check. No impact to the potential renter. Secure and protected. Not automatic, landlord needs to request. RentZoot uses it to verify a potential tenant’s criminal history at the request of the landlord.

RentZoot Identity Verification - Verify: Identity. No impact to the potential renter. Helps fight fraud. Runs in the background. RentZoot verifies paystubs against actual bank login information and systems.

How many years of property history do you need to provide?

RentZoot requires a 2 year residential history. No PO BOX.

How many years of employment history do you need?

RentZoot requires a 2 year employment history. If you were unemployed for a period of time, we'll need to know when during the last 2 years.

Why do you need your social security number?

A social security is required in order to verify your identity.

What if you've been evicted to a prior property?

Honestly is the best policy, we'll be able to see though your bank account if you didn't make your payments on time or didn't make payments at all. The landlord can also reach out to your prior landlord to verify you paid rent.

What is Finicity?

Finicity allows you to easily permission data from your bank accounts with Finicity Connect. This gives RentZoot the ability to verify account details, balances, and create our verification reports.

What do you need to authenticate a bank account?

You need to know your username and password for your bank account in order to authorize connection

Why do you need a pay stub?

A pay stub is required in order to verify what your pay stub take home is with the direct deposit amount in your bank account.

Why is a criminal check an extra cost?

It's not part of our standard business model and landlords have the option of requesting a criminal check. That cost is a pass though and we don't make money on it.

What can I tell the landlord in the note section?

Anything that you would want the landlord to know that's not in the standard information. Did you have a loss of job due to covid? Do you want to give them some information about you personally, why you are looking, why you love their rental? You can send a note to add a personal touch.