Cooply helps to turn your rental payments into home equity. When you sign up to work with us we work with you to place you into a home that meets your needs. We will then take a proportional amount of your rent that pays down the principle of the home and convert it into home equity.

Once you sign up for home placement we will then work with you to find a property that meets your requirements, makes financial sense, and matches a timeline for you to move in. We will then work to purchase that home and you would rent the property from us as normal. However, here is where Cooply differs. Instead of saying goodbye to thousands of dollars each month, we convert a portion of that rent into equity in your name. This is what happens under a typical renter-landlord relationship. Except, the equity goes strictly to the landlord, not you. We’re changing that.

Rent sucks. We want to create a platform for people to be able to get something out of their rent. We operate completely transparently so the fees and costs are open for our customers to see, no hidden rental costs or slumlords here.

We consider ourselves as a kind of compromise between buying and renting. We offer the flexibility of renting. But with the advantage of slowly accruing real estate equity over time. Basically, the best of both worlds.

The maintenance expense is generally baked into a normal rent payment. We set aside the money to make improvements on the rental unit. This money will never become CoOply’s, it is dedicated to the property you reside in. 

CoOply insurance is a fund dedicated across all of our portfolio of houses. In the event a property is vacant for a month, this fund will pay for the mortgage for that month. This supports the solvency of the properties.

The money you pay for maintenance and CoOply insurance will remain in your name. If CoOply insurance has to pay the mortgage payment for another property, you will accrue a prorated amount of that home 

Once we are large enough and we see some stabilization in our properties we see the CoOply insurance fund paying back out to our customers.

It is just like moving out of a normal rental unit. We’d like to support you at your new home location and place you in another property, but in the event you are ready to move on, you will still own the home equity you accrued while you were a customer of CoOply.

The CoOply partnership agreement requires that we hold onto the home equity until the property is paid off or divested, at that point we would be able to pay your home equity out. However, we would like to work with our customers and if we have the cash on hand and we can help “buy” you out of your investment then we would love to do so to help you advance your personal financial goals.

Sure, let’s say we mutually agree on a $100,000 property that meets your living needs.

We purchase that property with the monthly payments being $664 of which $532 goes to principal and interest. Over the life of the loan each monthly payment earns 41.75% of the principle of the property or equity.

$70 – 10% for maintenance, 

$70 – 10% property management 

$100 CoOply insurance (+$200 per month)

This makes the rental expense $904

Each month earn back 25% of your rent as a form of home equity. In this scenario your home equity account would increase $222 per month.

Additionally, about 20% of the additional expenses (CoOply insurance / maintenance) remain in your name.

Excellent. Fill in the form below and we’ll be in contact as soon as possible (a few days to a few weeks). Please note, we’re trying our best to keep up with the volume of interest. We want to serve everyone we can. However, we’re only so big and there’s a lot of interest in our service.