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Wall Street Journal: Rising rents for millennials give rise to a new breed of lender

Wall Street Journal, May 13, 2019: Rising rents for millennials give rise to a new breed of lender

Jennifer Burnes says the paychecks from her work as a model and designer in Hollywood arrive sporadically, posing a challenge to paying monthly rent. “You know the check’s on the way, you just don’t know when, exactly,” the 22-year-old said.

That is why she turned to StayTony. The property manager has teamed up with Uplift, one of several startups offering loans to recent college graduates, professionals moving to a new city and others who want to build credit or could use assistance making rent payments.

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