"Trying to find that time and go as quick as possible because it's very competitive in the city, and I said to Gabe, this process is awful, it's super unfriendly to renters. Real estate as an industry in general is very behind in regards to technology, we saw that even the basic level of sending personal information."
"I have a guarantor because I'm a college student, and every time I have to then go to my father, get his documents, collect all my documents, get my roommates to do the same for their fathers. If you need a guarantor, make sure to send me the same documents and then pay this fee for everyone."
"I had guys who were getting $20 million loans from banks on a real estate property and they were just sending all the information via email. We saw that there was a lot of scammers that were asking for loans or looking for apartments, whatever the transaction was, sending fraudulent bank statements, saying they have a lot more income than they really have."
VryfID is a new startup founded in October 2025 by brothers Aiden Einhorn and Gabe Einhorn to address inefficiencies in sharing personal financial documents during rental applications and real estate transactions. Aiden, an NYU Stern student, experienced the time-consuming process of gathering W-2s and social security numbers for apartment applications. Gabe, working in real estate, observed similar systemic problems affecting renters and brokers. The brothers identified critical issues: renters must repeatedly collect documents from multiple parties including guarantors, the real estate industry relies on outdated technology like email for sensitive information, and fraudulent documents like falsified bank statements are common. VryfID aims to create a secure, transparent platform that streamlines document sharing while maintaining privacy and reducing fraud in real estate transactions.
Read at www.amny.com
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