When a rental sits vacant, landlords lose money every single day. In the past, many investors waited for the “perfect” tenant, but today, many renters who may look risky on paper could end up being great long-term tenants.
The challenge for landlords is figuring out how to reduce the risk of a tenant stopping payment or damaging the property.
On this bonus episode, we talk to Jamison Theander from TheGuarantors about how landlords can rent properties faster while reducing risk. Jamison explains how TheGuarantors offers a lease guarantee that will pay the rent if a tenant defaults, at no cost to the landlord.
We talk about what TheGuarantors looks for when approving tenants, how quickly approvals happen, and why this can help landlords feel more comfortable approving applicants they might normally pass on.
We also discuss the different types of coverage available, including protection for missed rent and damage coverage with deposit replacement protection.
Jamison explains why this can provide landlords with significantly more protection than a traditional security deposit, how customizable the coverage is, and what the cost looks like for tenants. If you’ve ever struggled with balancing vacancy, tenant quality, and risk, this episode offers a different way to think about screening and protecting your rentals.
More info:https://www.theguarantors.comThanks To Our Sponsor:Revenued - Get working capital for your rentals quickly with a line of credit.
