Landis and Boom enable more renters to transition to homeowners with rent reporting.
.png)
This case study is based on an interview with Noah Mahrer, Credit Analyst and Homeownership Coach at Landis. All quotes are attributed to him unless stated otherwise.
Landis helps their clients transition from renting to owning by allowing them to rent the home of their choice and then purchase the home back from Landis when they’re financially equipped. In the meantime, Landis offers one-on-one coaching to prepare their renters to take on a mortgage. In an effort to expand their renter resources, Landis sought out Boom as their rent reporting service of choice to equip their clients with an easy tool to build their credit.
“When looking for a rent reporting vendor, scalability, affordability, and the ability to integrate with Rent Manager were non-negotiable—Boom was the only company that checked all of those boxes. Their rental verification process is fast, it doesn’t take us more than a few minutes each month. Besides that, rent reporting is completely hands off.”
With Boom, renters can build their credit over time as they make consistent, on-time rental payments.
Boom reports rent payments to all three major credit bureaus—Experian, Equifax, and TransUnion.
All renters using Boom can track their reported payments and credit score progress via the Boom app.
At Boom, our goal is to make housing more flexible, affordable, and rewarding.
Boom was started in late 2020 as one of our co-founders, Rob Whiting, helped two of his family members navigate housing instability due to
COVID-19 - related job loss. During this time, he saw just how archaic and difficult renting remains for the majority of the 110 million renters in the US like his family members. And the rent payment is at the center of this.
Not only has rent increased >4x faster than income for the majority of renters since the early 2000s, but the tools available to renters and landlords alike has similarly stagnated. Rent remains one large lump sum, with no additional benefits on top of paying rent - a fact that can make renting feel like money down the drain. At Boom, we believe that housing can be more flexible, affordable, and rewarding. We’ve started by enabling you to build credit with the rent payments you already make.
Starting Line
Ezra Galston
Clocktower Ventures
Ben Savage
Company Ventures
Matt Harrigan
Gilgamesh Ventures
Andrew Endicott & Miguel Armaza
Chingona Ventures
Samara Hernandez
Affirm syndicate
Jeffrey Shu
William Hockey
Plaid co-founder
Zach Perret
Plaid co-founder
Siesta Ventures
Pau Sabria (Olapic co-founder)
Sergio Furio
Creditas founder
Misha Esipov
Nova Credit co-founder
Cyril Berdugo & Tom Petit
Landis co-founders
Will Lucas
Mint House co-founder
Todd Benson
Citi private equity co-founder
Landis paves the way for renters to become homeowners. Landis clients pick a home and rent it until they’re ready to take on a mortgage, removing many of the barriers that make homeownership difficult. By offering aspiring homeowners the coaching and resources required for the transition, Landis is revolutionizing accessibility within residential real estate. Backed by prominent investors and celebrities, Landis operates in over 50 markets nationwide.
Boom is on a mission to level the playing field for the 110+ million renters in the US by making housing more flexible, affordable, and rewarding. Boom is building a suite of rental financial services for renters and property managers, including rent payment reporting, rent reporting-as-a-service, and a number of integrations for the largest property management systems (PMS). Now serving thousands of renters, Boom is led by second-time founders Rob Whiting (ex-BCG, Rubicon) and Kirill Moizik (ex-Eco, Technion, Grubhub).