About Up&Up
Up&Up operates in the real estate rental market by allowing renters to build wealth while renting a property. Instead of a traditional security deposit, renters contribute to an Up&Up Wallet, which enables them to share in the rental property's profits and any increase in its value. This model targets individuals who want to rent but also aim for homeownership or savings. Renters start with a minimum contribution of twice the monthly rent and can add more at any time, increasing their share of profits. Leases are typically two years long, and renters can use their Up&Up Wallet at the end of the lease to buy the home, transfer to another rental, or cash out. This approach encourages renters to take better care of their properties, benefiting both the renters and Up&Up by reducing maintenance costs and enhancing the community experience. The goal of Up&Up is to empower renters to build wealth and potentially transition to homeownership.