RadPad Opens its Marketplace to Short-term Rentals and Rolls Out Real-Time Renter Qualification

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Teams with onefinestay and HomeSuite to Round out More than 1 Million Flexible Housing Options, while Partnering with TransUnion and Plaid for Instant Rental Applications

RadPad, the nation’s leading mobile rental marketplace, today announced that it is opening its marketplace to short-term rentals, teaming with onefinestay and HomeSuite, to round out the more than one million apartments and homes listed on its platform. In addition, it is launching ‘Apply Instantly!’, allowing renters and landlords to conduct the entire renter qualification process in just one click.

Whether it’s a year long apartment lease, a month-to-month furnished pad, or even a place for few weeks, RadPad now has even more rental options.

“Short term apartments and homes give renters even more mobility. There’s a reason why homeownership is at 25 year low. No one wants to commit to living somewhere for long periods of time anymore,” said Jonathan Eppers, CEO and co-founder of RadPad. “In addition to people already starting to list weekly and month-to-month rentals on RadPad, we’re excited to be teaming with onefinestay and HomeSuite to give renters even more options to fit their lifestyle.”

“We’re excited to begin listing onefinestay’s collection of homes on RadPad,” said Evan Frank, co-founder & president, Americas, onefinestay. “Renters on RadPad, who are looking for a premium housing option with a high level of service, in two of the country’s greatest cities, will now see a selection of onefinestay’s homes.”

Through its partnership with TransUnion SmartMove, ‘Apply Instantly!’ allows renters to securely apply to any apartment on RadPad by immediately sending a potential landlord their income, credit and rental history. For $30 renters can apply to as many apartments as they want for an entire month.

‘Apply Instantly!’ also builds out RadPad’s platform on the landlord-side of the rental marketplace. Renters now can share a list of their bank deposits so that a landlord can view their income using Plaid.

"At Plaid, we're committed to making it simpler and more secure to work with financial data," said Zach Perret, CEO and co-founder of Plaid. "RadPad shares this focus, and it's gratifying to see how these efforts are improving the rental process for renters and landlords alike."

Landlords have the ability to qualify a renter in real-time by a getting a renter’s verified income using TransUnion credit report, criminal & eviction history with SmartMove’s online tenant screening, their rental history, and access to their Facebook and LinkedIn profiles, which give a complete snapshot of the renter.

“With Apply Instantly, renters no longer have to wait to meet a landlord in person to get the process moving. The process starts moving when the renter is ready to make their move,” added Eppers. “Building a platform centered around transparency and trust allows us to transition RadPad from a lead-gen business like Trulia or Zillow into a transactional-oriented marketplace like Airbnb or Hotel Tonight. This is a very big change to our business.”

About RadPad

Founded in January 2013 and based in Los Angeles, California, RadPad is a rental marketplace that enables renters to find an apartment, apply and pay their rent. It allows landlords to list apartments & homes, qualify applicants and accept debit and credit card rent payments. RadPad has raised more than $14M in funding from investors that include Altpoint Ventures, Goldcrest Investments and AmplifyLA. To find an apartment, list your apartment or pay your rent, visit https://onradpad.com or download the app for free on iTunes or Google Play.

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