MoradaUno wants to make it easier to rent apartments in Mexico

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Renting in Latin America is restrictive. Most landlords require three months of rent as a deposit and a guarantor that owns property in the same city to co-sign the lease. Santiago Morales, the co-founder and CEO of proptech MoradaUno, said this dynamic makes 40% of prospective renters ineligible. His company wants to get more tenants into rentals by underwriting their risk.



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MoradaUno wants to make it easier to rent apartments in Mexico


Renting in Latin America is restrictive. Most landlords require three months of rent as a deposit and a guarantor that owns property in the same city to co-sign the lease. Santiago Morales, the co-founder and CEO of proptech MoradaUno, said this dynamic makes 40% of prospective renters ineligible. His company wants to get more tenants into rentals by underwriting their risk.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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