How Lucky Communities Enhances Resident Financial Health & Community Safety with Boom
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This case study is based on an interview with Ryan Gaudet, Sales Manager at Lucky Communities. All quotes are attributed to him unless stated otherwise.
1. Inefficient and Inaccurate Tenant Screening: Tenant screening was a critical process for Lucky Communities, as their goal is to keep communities safe and prevent unnecessary evictions. However, their previous tenant screening solution posed several issues: incomplete criminal screening data, a clunky interface, poor user experience, and expensive application costs. 2. Limited Financial Tools for Residents: Many Lucky Communities residents are looking for ways to improve their financial standing. Manufactured housing often serves as an entry point for individuals who: have low or limited credit history, need affordable renting options, and aspire to be homeowners.
“With BoomScreen, we’re able to decrease the risks of eviction and criminal activity. The insights help us continue our mission of providing affordable, clean, and safe living conditions.”
With Boom, renters can build their credit over time as they make consistent, on-time rental payments.
Boom reports rent payments to all three major credit bureaus—Experian, Equifax, and TransUnion.
All renters using Boom can track their reported payments and credit score progress via the Boom app.
Customer support for you, your applicants, and your renters in minutes, not days.
As a CRA, Boom handles all screening report disputes, requests for report copies, and requests for data updates,
English and Spanish support for your renters—and more languages coming soon.
At Boom, our goal is to make housing more flexible, affordable, and rewarding.
Boom was started in late 2020 as one of our co-founders, Rob Whiting, helped two of his family members navigate housing instability due to
COVID-19 - related job loss. During this time, he saw just how archaic and difficult renting remains for the majority of the 110 million renters in the US like his family members. And the rent payment is at the center of this.
Not only has rent increased >4x faster than income for the majority of renters since the early 2000s, but the tools available to renters and landlords alike has similarly stagnated. Rent remains one large lump sum, with no additional benefits on top of paying rent - a fact that can make renting feel like money down the drain. At Boom, we believe that housing can be more flexible, affordable, and rewarding. We’ve started by enabling you to build credit with the rent payments you already make.
Starting Line
Ezra Galston
Clocktower Ventures
Ben Savage
Company Ventures
Matt Harrigan
Gilgamesh Ventures
Andrew Endicott & Miguel Armaza
Chingona Ventures
Samara Hernandez
Affirm syndicate
Jeffrey Shu
William Hockey
Plaid co-founder
Zach Perret
Plaid co-founder
Siesta Ventures
Pau Sabria (Olapic co-founder)
Sergio Furio
Creditas founder
Misha Esipov
Nova Credit co-founder
Cyril Berdugo & Tom Petit
Landis co-founders
Will Lucas
Mint House co-founder
Todd Benson
Citi private equity co-founder
Lucky Communities is a manufactured housing community operator managing 18 communities across four states, covering 1,100 lots. Unlike traditional property management firms focused solely on real estate investment, Lucky Communities prioritizes community-building, ensuring that residents have access to clean, safe, and affordable housing while also fostering financial growth.
Boom is on a mission to level the playing field for the 110+ million renters in the US by making housing more flexible, affordable, and rewarding. Boom is building a suite of rental financial services for renters and property managers, including rent payment reporting, rent reporting-as-a-service, and a number of integrations for the largest property management systems (PMS). Now serving thousands of renters, Boom is led by second-time founders Rob Whiting (ex-BCG, Rubicon) and Kirill Moizik (ex-Eco, Technion, Grubhub).