LARES

LARES is a digital platform that simplifies property rentals by eliminating the need for co-signers. It offers residents a fully online experience to find and lease homes, while providing property owners with guaranteed rent payments and efficient property management tools.

Updated 2 months ago

Funding

Funding not disclosed

Funding rounds are not available yet.

Founders

Founder details are not available yet.

Product

Problem

The traditional rental process in Colombia often requires a co-signer, creating a barrier for individuals seeking housing. This process also involves extensive paperwork and can be time-consuming for both renters and property owners.

Solution

LARES provides a digital platform that facilitates property rentals without the need for a co-signer. The service offers a fully online experience for residents to find and lease apartments and houses, simplifying the transaction from application to contract signing. For property owners, LARES offers a free listing service with guaranteed payment of rent and associated fees, alongside tools to manage their properties efficiently. This streamlined approach aims to reduce friction in the rental market for all parties involved.

Target Audience

The platform serves individuals seeking rental properties who may not have a co-signer, as well as property owners looking for a streamlined way to list and manage their rental units with payment guarantees.

Features

Co-signer-free rental application process for residents.
Fully digital workflow for lease agreements and payments.
Credit card payment options for monthly rent subscriptions.
Guaranteed rent payment for property owners.
Online property listing and management tools for landlords.
Shorter contract terms available for residents.
Loyalty program allowing residents to accumulate points.