Transparency is an increasingly valued trait many millennials look for in a business, which is where this rental industry transparency platform comes in. Young people are also less likely to purchase property due to high rates of graduate unemployment and underemployment, leaving them to rent longer than previous generations.
TranspaRENT hopes to make the rental process less stressful by protecting renters from scams. This also serves to get realtors stronger leads. They act as a middleman between landlords and tenants, but also try to steamline the process. Renters create a TranspaRENT profile, and if they include background and credit checks, they jump to the head of the queue.
Based in Miami, the startup is currently searching for beta testers.