Leap

Leap is a high-growth fintech startup that helps under-qualified individuals gain access to sought-after apartments by acting as a cosigner on their lease. Typically, landlord portfolios experience between 5%-10% vacancy loss on rentals. Yet, perfectly good applicants are regularly declined due to blemished credit, student status, or other factors that do not impact their ability to pay. That’s where Leap helps. Our proprietary underwriting tools allow for quick and thorough vetting of potential residents which expands a landlord’s pool of qualified tenants and eliminates default risk. There is no cost to the landlord as the one-time, upfront fee is paid by the resident and secures rental income for the entire term of the lease. Further, Leap accepts applications from tenants before they begin their apartment search, pre-approving them up to a certain monthly rent amount and delivering qualified residents directly to landlords. Our goal is to improve the financial performance of landlords while helping people qualify for better apartments. Our application takes 4 minutes to complete and can be submitted on a phone, tablet, or computer, and approvals take just 30 minutes during business hours. Furthermore, Leap can pre-approve renters for a maximum monthly rental amount for free. That way if you haven’t found an apartment yet, it’s easier to know what to look for. With Leap, renters can get the apartment they want, not just the one landlords say they qualify for. No apartment is out of reach, and that is a guarantee. Visit us at www.leapeasy.com to see how easy it is to get the apartment of your dreams!