{"id":5777,"date":"2022-04-10T08:44:47","date_gmt":"2022-04-10T13:44:47","guid":{"rendered":"https:\/\/1reason.com\/re\/introducing-lettey-a-new-app-that-leverages-the-power-of-social-networks-to-help-renters-find-and-rent-an-apartment-in-nyc\/5777\/"},"modified":"2022-04-11T03:44:47","modified_gmt":"2022-04-11T08:44:47","slug":"introducing-lettey-a-new-app-that-leverages-the-power-of-social-networks-to-help-renters-find-and-rent-an-apartment-in-nyc","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/introducing-lettey-a-new-app-that-leverages-the-power-of-social-networks-to-help-renters-find-and-rent-an-apartment-in-nyc\/5777\/","title":{"rendered":"Introducing Lettey, a New App that Leverages the Power of Social Networks to Help Renters Find\u2014and Rent\u2014an Apartment in NYC"},"content":{"rendered":"
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Lettey\u2019s intuitive, filterable map offers users a humanized approach to finding a home by focusing on peer-to-peer influencers and feedback, offering ratings on each neighborhood\u2019s Accessibility, Diversity, Fun, and Value.<\/figcaption>
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Landlord- and Broker-Friendly Marketplace is the First-Ever Real Estate Platform to Apply Social Proof and Peer-to-Peer Feedback to Empower Renters and Optimize Their Apartment Search<\/p>\n

Lettey Launches with Listings from Market-Leading Brokerages Douglas Elliman and Corcoran, Features Integrations with Lemonade and TransUnion<\/em><\/p>\n

NEW YORK, March 16, 2022 (GLOBE NEWSWIRE) — Lettey\u2014a new mobile-based residential leasing marketplace for renters, brokers and landlords that for the first time ever, leverages the power of social media and peer-to-peer feedback to help users find an apartment to rent or to sublet\u2014is pleased to announce that its innovative app is now available to download for iOS and Android.<\/p>\n

Lettey<\/a> simplifies the rental process by applying social proof to the decision-making process, empowering users to make better decisions based on direct feedback from their friends and family while optimizing their search. After connecting their Facebook and\/or Contacts to the platform, users can see which neighborhoods their connections live in via an intuitive, filterable map; search thousands of listings across New York City; review their peers\u2019 ratings; and then pick an apartment based on their preferences. Lettey is the first platform to apply social proof and peer-to-peer feedback as tools to the home search process.<\/p>\n

\u201cLettey offers a new approach to renting an apartment that simply hasn\u2019t existed before in the rental space. By tapping into neighborhood feedback provided directly from your personal connections, Lettey helps people find places they love with input from the people they trust the most,\u201d said Nick Szuch, Co-Founder and Co-CEO of Lettey.<\/p>\n

The app makes its debut in the New York City market with a wide range of listings available to search from landlords and brokerage firms large and small\u2014including world-class brokerages Douglas Elliman Real Estate, Nest Seekers, Compass <\/strong>and more.The platform accepts brokerage data feeds that refresh hourly, making sure renters benefit from the most current inventory. Similarly, text-enabled communication shortens the response lag between listers and prospects.<\/p>\n

Lettey is free to list and to browse<\/strong>, making it attractive for landlords and their agents\u2014as well as people looking to sublet their apartments\u2014to market their listings.<\/p>\n

\u201cPeople want know where their friends live, how accessible and diverse a neighborhood is, and how much value they\u2019re going to get for their money. Lettey is designed to take the stress out of finding your next apartment and make it fun\u2014and get people away from the typical Craigslist experience, which lacks social proof and can be quite disenfranchising,\u201d said Jessica Rosner, Co-Founder and Co-CEO of Lettey. \u201cPeer to peer feedback is especially helpful if you\u2019re relocating to the city or are unfamiliar with the differences of a particular neighborhood.\u201d<\/p>\n

Lettey\u2019s customer discovery revealed that 84 percent of renters are \u2018likely\u2019 or \u2018very likely\u2019 to rent an apartment in the same neighborhood where members of their networks live. Respondents also felt overwhelmingly that the most difficult aspect of renting or subletting in New York is picking the right neighborhood; Lettey\u2019s platform solves for both challenges.<\/p>\n

Why Use Lettey?<\/strong>
Lettey streamlines the rental and subletting process, offering convenient in-app services like background checks by<\/strong> TransUnion<\/strong> that can be sent directly to a landlord or broker and comprehensive renter\u2019s insurance from<\/strong> Lemonade<\/strong>. The app features convenient, text-enabled messaging that lets users communicate directly with brokers and landlords to ask questions or schedule a showing.<\/p>\n

\u201cOur goal is to both humanize\u2014and modernize\u2014the apartment rental process,\u201d added Rosner. \u201cThe entire process can be done from your phone\u2014from purchasing renters\u2019 insurance or sending your financial information securely to connecting directly with the landlord or broker via SMS-enabled chatting to set up a tour.\u201d<\/p>\n

Lettey\u2019s intuitive, filterable map<\/strong> offers users a humanized approach to finding a home by focusing on peer-to-peer influencers and feedback, offering ratings on each neighborhood\u2019s Accessibility, Diversity, Fun and Value<\/strong>. For those that need assistance, Lettey offers responsive customer service and tech support to help users get back on track.<\/p>\n

\u201cLettey gives finding an apartment a completely new look by providing users with authentic feedback directly from friends and family on a tech-forward, easy-to-use platform,\u201d said Hal Gavzie, Executive Director of Leasing at Douglas Elliman Real Estate. \u201cWe are thrilled to list with Lettey from the get-go and believe our agents will benefit significantly from showcasing their listings in this way to a new generation of tech-savvy clients.\u201d<\/p>\n

Lettey was founded in 2021 by Jessica Rosner and Nick Szuch, Columbia Business School classmates who were inspired to create a modern solution to renting an apartment after sharing their experiences about trying to find an apartment online. Moving forward, the angel-investor-backed platform plans to expand its offerings to additional major metro areas across the United States.<\/p>\n

DIGITAL ASSETS:<\/strong> Please click here to view and download images of the Lettey app and\/or images of Lettey\u2019s co-founders:
https:\/\/www.dropbox.com\/sh\/uwrco3s3hqtyd6m\/AABuHeJ3xg3UyOC686QfohMKa?dl=0<\/a><\/p>\n

ABOUT LETTEY<\/strong>
Lettey is a free app-based residential leasing marketplace that simplifies the rental process by leveraging the power of social networks, allowing users to see where their peers live, search thousands of listings in their local market, and then pick an apartment based on their connections\u2019 authentic neighborhood ratings. Lettey is designed to remove pain points for renters, brokers and landlords alike, offering convenient in-app services including rent payment via Stripe, credit reports by TransUnion and renter\u2019s insurance from Lemonade.<\/p>\n

Lettey was founded in 2021 by Jessica Rosner and Nick Szuch, grad school classmates who were inspired to create a modern solution to renting an apartment after sharing their experiences about trying to find an apartment online.<\/p>\n

For more information visit https:\/\/lettey.com<\/a>.<\/p>\n

Media Contact:<\/strong>
Greg McGunagle
Transmitter PR
gmcgunagle@transmitterpr.com<\/a>
O: 212.967.1449
C: 914.912.0841<\/p>\n

Investor Contact:<\/strong>
Nicholas Szuch
Co-Founder & Co-CEO of Lettey
nick@lettey.com<\/a><\/p>\n

A photo accompanying this announcement is available at https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/b02ca3ce-06e3-4061-89b2-ace0fd9a5276<\/a><\/p>\n

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Lettey App Mockup<\/p>\n

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