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TheGuarantors
A resident gets TheGuarantors Deposit Coverage paired with Rent Coverage
They do $2K in damage and don’t pay rent for 2 months
You’re protected from damages and lost rent in full
Standard Deposit
A resident pays you, the operator $500 at move-in
They do $2K in damage and don’t pay rent for 2 months
You have to cover the extra cost (hello bad debt)
Helping you grow NOI with predictable cash flow.
TheGuarantors has become the choice for any operator looking to improve financial and operational performance while bringing great value to renters.
As a landlord I would not manage any building or portfolio without having [TheGuarantors] as a tool in my arsenal and option for renters to use
Adding the use of TheGuarantors' lease guarantees and security deposit replacements into our leasing program has helped us qualify more applicants and in turn has helped us fill our vacancies at a faster rate.
Everything that a traditional security deposit would cover (including missed rent, legal fees, unpaid utilities, amenities, etc.). Claims are capped at the coverage limit requested. Our Deposit Coverage is active for the life of tenancy as long as the renter stays in the same apartment complex. If a renter purchases a bond in year 1 of their lease, the coverage is still active if they move out after 4 years, for example. This also means renters never have to renew their Deposit Coverage policy.
Renters pay the policy premiums. First, invite your applicants to apply. After they have completed the application, if they are approved, they will then proceed to payment. There are no fees to the landlord for coverage or registering.
No, your renters will provide documentation. After you invite your prospective tenant to apply for coverage, they will be prompted to complete an application online, where they will upload their documents and provide permission to run a soft credit check. For most renters, we only need a copy of government-issued ID.