Since 2001, Ironstate Properties has been blazing trails in real estate, developing tomorrow’s neighborhoods and connecting people with the places they call home. With an increasing pool of non-traditional renters—including international students—applying to their suite of luxury properties, Ironstate Properties was looking for a way to bring in more renters with traditional and non-traditional profiles while reducing their bad debt.
Ironstate's goals
Boost occupancy
Reduce renters' move-in costs
Bad debt protection
The solution
In early 2021, Ironstate partnered with TheGuarantors to launch our Rent and Deposit Coverage products across their portfolio of New Jersey and New York City luxury properties, empowering renters to access their dream homes and creating a more profitable renting operation.
Powered by AI-based underwriting that predicts renter default with 85% accuracy, our Rent Coverage helps Ironstate sign international students and other non-traditional renters who would otherwise not be approved—all while mitigating risk from defaults, vacancies, lease breaks, holdovers, and more. Our Deposit Coverage reduces move-in costs for renters while protecting Ironstate against damages. And with our mitigation support to get renters back on track, we make the process easier and more efficient for the Ironstate team.