Street Scout

Introduction to Street Scout

Street Scout is a rental negotiation platform that aggregates renter demand into city- or neighborhood-based "Blocks" to secure wholesale pricing from multifamily and luxury apartment developers. By converting multiple individual leases into a single institutional-style negotiation, the service targets lower effective rents and favorable terms for tenants without requiring them to share leases or financial liability.

The platform is designed for renters who want predictable pricing, reduced fees, and priority access to inventory, as well as for those planning ahead for pre-development properties. Street Scout coordinates the process with property managers and developers while renters sign standard, individual leases directly with the building.

Key Takeaways

• Collective negotiation pools renter demand to target 10–20% below asking price (wholesale pricing)
• Renters sign standard, individual leases; no shared lease or cross-liability
• No broker fees; a temporary $1 authorization is used for identity verification
• 24-month rate lock, with downward adjustment if market rates fall
• Priority placement and early access to floor plans and inventory allocations
• Two participation paths: near-term moves (The Block) and long-term planning (The Founder)
• Dynamic Tiers provide concessions even if a Block does not reach a target size (e.g., 1 month free or waived amenities)
• Reported average member savings: $4,800 per year

How Street Scout Works

Renters join a Block for a target area and move-in window. This creates a verified demand pool that Street Scout uses to approach landlords and developers. The company negotiates bulk rates and terms on behalf of the group, aiming for wholesale pricing relative to market rent. Members are not obligated to sign until final rates are presented and a specific unit is approved.

Once a Block reaches a negotiated outcome, members receive priority access to inventory and floor plans. Each renter then signs an individual lease directly with the building—Street Scout does not place renters on shared leases. Terms commonly include no broker fees and a 24-month rate lock; if prevailing market rates drop during that period, the lower rate is applied, and if they rise, the locked rate remains. If a Block falls short of a target size, Dynamic Tiers ensure members still receive predefined concessions.

Core Benefits and Applications

Street Scout supports two primary participation paths, aligned to different planning horizons and inventory stages.

Use cases include:

• Renters seeking lower effective rent and predictable pricing in premium multifamily buildings
• Individuals relocating on short timelines who need move-in-ready options with negotiated terms
• Planners who want early access to pipeline projects and the earliest available rate locks
• Renters who want to avoid broker fees and maintain individual lease control
• Developers and property managers aiming to stabilize occupancy through pre-qualified demand pools

Notes:

• Sample properties shown in marketing materials are illustrative; actual inventory becomes available upon joining a Block.
• Street Scout’s revenue comes from partnership agreements with property managers; renters are not charged broker fees.
• Joining a Block is non-binding until final discounted terms are presented and a unit is approved.