What is Rent Guarantee?
Unpaid rent and tenant issues can lead to major financial strain and stress on homeowners, especially those who rely on a steady rental income to cover mortgage payments on investment properties. The Rent Guarantee Program is designed to manage these tenant default risks. Think of it as a landlord’s backup plan when something unexpectedly happens to disrupt the flow of rental income.How does Rent Guarantee protect homeowners?
When rent goes unpaid, tenant conflict occurs, or an eviction takes months to resolve, Rent Guarantee steps in with extensive financial protection and legal support. Here’s what’s included in the program:- Rental income guarantee: Up to 12 months’ of lost rent (up to $60,000) from the time/date of default.
- Lease break protection: Up to 30 days of rent paid if a tenant leaves unexpectedly without providing proper notice.
- Property damage protection: Unpaid court-ordered malicious tenant damages are reimbursed up to $10,000.
- Legal support and eviction resolution: In case of an eviction, we’ll connect you with a paralegal to support you throughout the process. Legal fees are reimbursed for up to $2,000.
One month free of Rent Guarantee for Cyber Monday
Take advantage of the full range of the Rent Guarantee’s financial and legal support for landlords. During our Cyber Monday event, sign up for a year under the program and get one month free. You have two options to claim this offer:
- Contact our team and mention the Cyber Monday promo. Book a call here.
- Submit a Rent Guarantee application and use code CYBER2024 at checkout. Log in to your SingleKey account.
What is a Tenant Screening Report?
Our Tenant Screening Report is a comprehensive summary of a tenant’s key credit, employment, and rental history. Results are delivered to you within five minutes, so you can quickly evaluate a rental applicant’s financial status and reliability as a renter.
How does a Tenant Report help landlords screen better?
A Tenant Report arms landlords with all the key details they need to choose reliable tenants confidently. Here’s what’s included in each report:
- A full credit check by Equifax, TransUnion, or both credit bureaus
- A public record scan that pulls eviction records sourced from Openroom, SOQUIJ, and CanLII
- Information from publicly-available social media profiles so it’s easy to compare results from tenant-provided details like employment history from LinkedIn
- An automated document fraud check that cross-references information from tenant-provided PDF files with their rental application, ensuring the documents are untampered and that they match
- An AI-enabled ID verification tool that confirms an applicant’s identity so you know you’re running a credit check on the right person
Learn more about using a Tenant Report to screen potential tenants effectively.
Tenant Report: Buy 4, get 1 free for Cyber Monday
We’re offering a special discount when you bundle Tenant Reports: buy four screening reports and get an extra one for free. There’s no expiry on the reports, so you can stock up now for the spring leasing season and use the screenings any time. There’s also no limit on how many bundles you can purchase.
Log in to SingleKey now to bundle and save on your tenant screenings.
Our final thoughts
Don’t miss out: these Cyber Monday offers for Rent Guarantee and our Tenant Screening Report are available until December 13, 2024!
