Rent Coverage opens doors to renters who may not otherwise qualify, improving owners’ and operators’ lease conversion all while mitigating their risk of default, minimizing bad debt, and improving their NOI. It serves as an insurance policy: if a renter defaults on their lease, the Rent Coverage covers owners and operators for the missed rent. This way, operators can lease with confidence and renters access the apartment of their dreams.
Key Benefits
Fill more rentals, feel better about it
Qualify more applicants
Give applicants another chance to get in, without increasing your risk.
Exceptional support
Work with one dedicated success manager and 100+ customer reps.
Flexible insurance products
Fit your properties with a Rent and Deposit Coverage plan, built for you.
Digital claims process
File seamlessly to help your workflow.
Comprehensive risk mitigation
Combine Rent and Deposit Coverage to protect every lease from future loss.
A worst case Built-To-Rent scenario, resolved
- ScenarioYour new development of homes is done.
- But, new applicants are denied or only conditionally approved.
- You face empty rentals (and bad debt).
Solution
Instead, with TheGuarantors' Rent Coverage, you expand eligibility, filling units and maximizing economic occupancy.
What We Offer
One partner, multiple solutions to protect your P&L
- Did You Know
1 renter is qualified every other minute with TheGuarantors*
99% of our partners stick with us*
Stabilized our lease-up 30% quicker, without extra financial risk.
Jarrod Whitaker
SVP, Residential Operations
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.
Margaret Nieves
Vice President, Residential Leasing
$22M+ in rent roll secured and it didn't cost us a dime.
Jarrod Whitaker
SVP, Residential Operations
If you’ve got more questions, we’re ready with answers
Renters who do not meet your usual financial requirements to qualify for a lease. They may be self-employed, a recent graduate, actively seeking work, someone with a lower credit score, an international resident, or anyone that has an atypical or hard to evaluate credit profile. We also cover corporate leases and other exceptional circumstances, which we evaluate on a case by case basis.
Deposit Coverage incurs a one time fee (except in California, where it will need to be renewed at policy expiration). If the landlord wants to continue their rent guarantee beyond the first lease term, then Rent Coverage must be renewed with every new lease (usually annually).