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Interesting Article from the Wall Street Journal
As the apartment market soars across the U.S., one financial-services startup sees opportunity in helping tenants get into units they can’t qualify for on their own.
TheGuarantors, launched in New York in 2014, sells payment insurance to tenants, providing landlords with a guarantee they will be made whole if the tenant becomes delinquent.
The offering is a symptom of a pricey market in which rents have risen faster than incomes and landlords can be picky about the qualifications they demand. Rents have climbed about 20% nationwide over the past five years while incomes have only recently started to rise.
Full Article Here
As the apartment market soars across the U.S., one financial-services startup sees opportunity in helping tenants get into units they can’t qualify for on their own.
TheGuarantors, launched in New York in 2014, sells payment insurance to tenants, providing landlords with a guarantee they will be made whole if the tenant becomes delinquent.
The offering is a symptom of a pricey market in which rents have risen faster than incomes and landlords can be picky about the qualifications they demand. Rents have climbed about 20% nationwide over the past five years while incomes have only recently started to rise.
Full Article Here
