“That’s the largest pain point in the industry today,” Morales told TechCrunch. “People not being able to rent where they want, or they have to, like, rent with roomies, roommates or basically can’t rent. So we said, let’s go fix that. Let’s go solve that problem.”
The result was MoradaUno, a Mexico City-based company that looks to upfront tenant risk for landlords. The company works with real estate brokers by screening and underwriting potential tenants and agreeing to take on their rent payments if the tenants stop paying. Morales said the company’s thorough vetting process, which includes background checks and income verification, weeds out a lot of bad actors from the start. MoradaUno also provides additional optional broker services like legal and home insurance.