Insurent: NYC Guarantor service!

Insurent’s Latest Innovation: Corporate Lease Guaranty for Private and Public Corporations

2012-02-19T21:22:54Z

New York, NY (PRWEB) February 16, 2012

Insurent announces its ability to guarantee corporate residential leases.

This new Insurent option is very useful for U.S. and foreign companies with a desire to have a corporate residential apartment. Insurent helps the corporation get the desired apartment as well as takes all the risk away from owners. Historically, many owners have been unwilling to accept corporate leases for a variety of reasons, but now owners are willing to entertain corporate leases if the Insurent Lease Guaranty Program guarantees them.

CORPORATE LEASE GUARANTY

There are many reasons why a corporation would prefer/need a corporate lease of a residential apartment, condo or townhouse. For example, if a company is contemplating a large lease of $7,000 to $30,000 per month, the employee may not actually qualify, given the size of the lease. Insurent is starting to do corporate leases for a number of public and private U.S. corporations as well as U.S. subsidiaries of foreign private and public corporations and foreign corporations.

Charles Schoenau, the Managing Director of Insurent, comments, “From the residential owner’s perspective, the ability to close a very expensive lease with a corporation can be a great option because it clearly increases the owner’s cash flow and without any risk if Insurent guarantees it. With very large leases, owners know that it is difficult to find qualified renters. In many cases, corporations clearly have the easier capability of assuming a large rent obligation.”

Issuing guarantees on corporate leases of residential apartments is just a further broadening of the Insurent Program serving the interests of owners, brokers, and renters in the residential market.

Jeffrey Geller, the founder and COO of Insurent, adds, “Issuing guarantees on corporate leases of residential apartments is just a further broadening of the Insurent Program serving the interests of owners, brokers, and renters in the residential market." Other segments that Insurent assists include (i) creditworthy responsible college and professional graduates entering the workforce who don’t meet the NYC landlords’ 40x-50x annual income/monthly rent multiple, (ii) foreign executives relocating to the U.S. who have no U.S. credit history, (iii) relocating U.S. executives, (iv) self-employed persons, (v) non-employed foreign and US renters with significant cash liquid assets, and (vi) international and U.S. students with Responsible Parties. I also expect that we will continue to create additional innovative options for all in the residential rental market in the near future.”

ABOUT INSURENT
The Insurent Lease Guaranty Program was created to serve renters, landlords, condo/coop owners, and brokers and relocation specialists by offering the first institutional guarantor of residential leases. The Insurent Lease Guaranty Program has been featured in the New York Times, The Real Deal, The New York Real Estate Journal, Real Estate Weekly and Multi-Housing News.

The Insurent Lease Guaranty Program is underwritten and issued by Argonaut Insurance Company, a property and casualty insurance company rated A (Excellent) by A. M. Best. Instead of looking for an individual guarantor or co-signer, or having to pay a significantly larger security deposit or prepaid rent, a renter may utilize the Insurent Lease Guaranty to satisfy the landlord’s financial and credit requirements.

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Why New York City renters should know what Insurent is

2012-02-09T17:51:35Z

EXAMINER.COM

By Alicia Schwartz

I have not made it a secret that I am a huge fan of the lease guaranty program Insurent. When I was a broker the biggest issue I had was good people with good salaries not qualifying for the apartment because they didn't make 40-50 the monthly rent. The second biggest issue I had were parents not wanting to be guarantors for their kids because of the amount of paperwork involved. Insurent is the magic bullet that actually fixes both of these issues. Brokers, renters should rejoice that Insurent exists!

Insurent in simple terms is a program that enables renters to quickly qualify and get the apartment they want if they have good credit (not perfect) and a solid salary (27.5 x the monthly rent) by acting as the renters co-signer (guarantor) on the lease. Many management companies automatically accept the Insurent program. To see a full list click here. Landlords accepting the Insurent Lease Guaranty Program presently represent over 67,000 units at over 670 buildings. The list grows weekly as management companies are wising up to hard economic times and accepting Insurent as finding qualified guarantors and highly qualified renters are now rare. By accepting the Insurent Program, the landlord can turn “lost deals” into closed leases for credit-worthy U.S. parties and foreign renters without U.S. based credit history, at no cost to the landlord. Foreign renters was actually my third largest problem as a broker, no landlord wants to deal with the paperwork or rather lack their of for foreign renters even though they have monies and good credit in the country they are from. Insurent seems to be the band-aid for this problem as well.

For renters the Insurent fee is on average between 66-78% of a month’s rent. For those of you using a broker you know that a brokers fee is about 1.5-2 x the monthly rent. Insurent ends up being a necessity for many renters who are just trying to make it in the big apple or who want to renegotiate rents for upcoming leases. For “credit-worthy” renters, it enables them to quickly obtain the apartment of their choice at a reasonable fee. Many of the leases that Insurent has guaranteed could not have closed as the renter didn’t have a guarantor who made 80 x the monthly rent, or didn’t have the additional cash resources to put up 3-6 months of additional cash security to a landlord. And do not worry in a fast moving rental market: Insurent qualifies people on-line within one hour and normally issues the guaranty to the landlord within 24 hours.

New York City renters who have good credit, a good salary by normal standards, and you know who you are... go to Insurent.com. If you live in a building or want to live in a building that currently does not accept Insurent tell your landlord they are going to be losing a ton of business to buildings that do accept this program. Insurent will quickly become part of the renter's vernacular in NYC.

HAPPY HUNTING.

American Apartment Owner Association “Rent Insurance” Program Catches On

2012-01-27T18:00:13Z

ORIGINAL LINK

The Insurent® Lease Guaranty Program has made its way on to ten major NYC rental websites. The program has helped thousands of renters who can’t otherwise qualify.

The program is underwritten and issued by Argonaut Insurance Company, an A-rated property and casualty insurance company. Instead of looking for an individual guarantor or co-signer, or having to pay a significantly larger security deposit or prepaid rent, a renter may pay a fee to utilize the Insurent Lease Guaranty to satisfy the landlord’s financial and credit requirements.

The program was created to assist landlords, condo/co-op owners, renters and brokers in closing residential leases. Its role as the “institutional mommy and daddy” allows leases to quickly and easily close to the benefit of all parties that otherwise would not close without Insurent.

According to a statement from the company, owners win because they don’t have any risk. Renters win because Insurent’s criteria into their program is easier than many landlords’, with many tenants qualifying for an apartment within 24 hours of applying.

This month, NYC rental review site Rentenna.com integrated a new search feature based on whether a landlord accepts the Insurent Lease Guaranty.

“We at Rentenna support the Insurent Guarantor Program because there is no other service like it in the New York City area and it is desperately needed,” says a company spokesperson. “The strict criteria that landlords impose on renters such as making 40-45x their monthly rent is ludicrous and what they ask of your potential guarantor (usually a parent/sibling) is more paperwork than adopting a child. For a fee less than a broker, they will act as your institutional guarantor. Owners win because they don’t have any risk. If you default, Insurent pays. You win because Insurent’s criteria into their program is A LOT easier than a landlords and you can quickly get your dream apartment within 24 hours of applying.”

Insurent has quickly become a vital part of the NYC rental vernacular as it is the only guarantor service in the U.S., and is now accepted by over 150,000 apartments in NYC.

The guarantor service helps foreigners, students, young professionals, retirees, and wealthy individuals qualify for their NYC apartment rental. Insurent.com is now incorporated into Streeteasy.com, Rentenna.com, Urbanedgeny.com, Urbansherpa.com, Brickunderground.com, HowToRentinNYC.com, Trulia.com, RDNY.com, Calibernyc.com, and Rent.com.

The Insurent Lease Guaranty Program has been featured in the New York Times, The Real Deal, The New York Real Estate Journal, Real Estate Weekly, and Multi-Housing News.

With AAOA, landlords have resources at their fingertips. Check out our Landlord Forms page.

American Apartment Owners Association offers discounts on products and services for landlords related to your rental housing investment, including rental forms, tenant debt collection, tenant background checks, insurance and financing. Find out more at www.joinaaoa.org.

Insurent now included in most NYC Rental Websites as a "necessary rental resource"

2012-01-17T19:47:25Z

Insurent Lease Guaranty Service is now incorporated by tens of NYC rental listing websites and is viewed as a necessary rental resource by sites like Rentenna, Urbanedgeny, Brickunderground, Urbansherpa, HowToRentinNYC and Streeteasy.com.

From Rentenna:

"We at Rentenna support the Insurent Guarantor Program because there is no other service like it in the New York City area and it is desperately needed. The strict criteria that landlords impose on renters such as making 40x their monthly rent is ludicrous and what they ask of your potential guarantor (usually a parent/sibling) is more paperwork than adopting a child. For a fee less than a broker, they will act as your institutional guarantor. Owners win because they don’t have any risk. If you default, Insurent pays. You win because Insurent’s criteria into their program is A LOT easier than a landlords and you can quickly get your dream apartment within 24 hours of applying."

From HowToRentinNYC.com:

"Insurent Lease Guaranty is the first and only institutional guarantor of residential leases. What is a guarantor? A guarantor is the cosigner on your lease when you do not meet the qualifications the landlord requires of you on your own. A standard requirement for NYC landlords is that you make 40-50 x the rent. So if you are renting a $2000 studio you need to make $90,000. It is also a requirement that you have "good" standing credit and a solid work history. Landlords want to know how YOU plan on paying the rent and if you can muster to fit into their requirements you will need a guarantor and most of the time that guarantor has to be in the tri-state area. This is because if you default and they have to come after your aunt Jim who cosigned your lease it is much easier to come after them legally if they are local. Also Uncle Jim as a guarantor is required by most landlords to make 80 x your rent so now the requirement becomes $180,000+ income which obviously in this economy is rare.

This is where Insurent Lease Guaranty comes in. They will act as your co-singer/guarantor if you make 27.5 x the rent and not 45. That same $2,000 studio now requires you only make $55,000 or if you have a roommate and your portion of the rent is $1500 that requirement becomes $41,250. They will accept you if you are a new hire, retired, or are from outside the United States. For retirees you have to show significant cash assets but you don't have to pay 6-12 months up front to the landlord now you just pay the Insurent fee and you can pay your rent monthly. If you do not make 27.5 x the rent and are in school Insurent will also guarantee your Uncle Jim, parents or whomever you can get to cosign the lease. Insurent's requirements are far less stringent and much less paperwork for them as well than that of the average NYC landlord."

From Brickunderground:

"Who can serve as a guarantor?

Most guarantors are parents, relatives, or friends. In many cases, landlords will require that your guarantor lives locally (within the Tri-state area). Some landlords may allow you to have a separate guarantor for each roommate signing the lease, but this isn’t always the case so if this is important to you, make sure to square away these details beforehand. If a personal contact isn’t an option, and your problem has more to do with lack of credit than bad credit, a service called Insurent will step in and act as a guarantor for a fee."

Joseph Haddad is “Insurent Broker of the Year,” Closed 14 Leases Using Insurent Lease Guaranty Program

2011-12-19T19:02:36Z

I closed 14 additional deals this year alone because Insurent was the best option for my clients acting as their Guarantor.

New York, NY (PRWEB) December, 2011

As noted in an excellent recent profile in NY Rentals Examiner, Joseph Haddad of Caliber Associates is a very effective and successful residential rental broker. Based on Joseph Haddad’s accomplishments, Insurent announces that Joseph Haddad is the winner of the Insurent Broker of the Year 2011 Award.

Mr. Haddad only entered the residential rental field about 3 years ago, but he is now SVP of Caliber Associates and has already done over 200 leases in the last 3 years. Joseph Haddad only learned about the Insurent NYC Guarantor Program in December 2010, and as of early December 2011 he had already closed 14 leases this year by using Insurent.

Like many brokers, Joseph frequently encounters situations where his client can afford to pay the rent and wants the apartment, but the client is unable to qualify for any of the following reasons: the client does not have US credit, has income slightly less than the 40-45x the monthly rent, has significant cash assets at banks or in stocks but is not working, does not have a qualified guarantor, is retired, or is a international or US student.

According to Haddad, " I closed 14 additional deals this year alone because Insurent was the best option for my clients acting as their Guarantor.”

Charles Schoenau, Managing Director of Insurent, commented, “We have a number of excellent brokers using Insurent every day to close leases, but Joseph Haddad is an exceptionally skilled practitioner. He never seems to fail his client when encountering a roadblock to qualify for the apartment, and he recognizes quickly how to resolve the issue to the satisfaction of his client and the owner/building manager. In our view, Joseph is a great role model for brokers in many respects. We are very proud to name Joseph Haddad as the Insurent Broker of the Year 2011.”

ABOUT INSURENT

The Insurent Lease Guaranty Program was created to serve renters, landlords, condo/coop owners, and brokers and relocation specialists by offering the first institutional guarantor of residential leases. The Insurent Lease Guaranty Program has been featured in the New York Times, The Real Deal, The New York Real Estate Journal, Real Estate Weekly, and Multi-Housing News.

EXAMINER.COM: "Keys to Being a Successful Residential Rental Broker ...Insurent!"

2011-12-16T18:26:30Z

ORIGINAL LINK

After only three years in the business, few young residential rental brokers master the ability to quickly get their clients the apartment they want and close a large numbers of leases in a challenging rental market. Some young brokers fail, and many others underachieve.

Joseph Haddad, now SVP of Caliber Associates, is the exceptional young residential broker as he has closed over 200 deals in the last 3 years, after only starting in the business with Caliber Associates in late 2008.

Joseph attributes his success to a number of key factors: “First you have to work with a quality firm, like Caliber Associates, that provides excellent technology, thorough training, and strong support and coverage on deals, if necessary.”

Joseph also believes that it is essential to have the best possible relationship with your clients that inspires their trust to work closely with you. “I have to be constantly honest and very responsive, but also direct and straightforward with my clients. I have also found that I have to very positive about all the options and confirm that we will find them the apartment they want. When we face an obstacle, like getting approved by the landlord, it is important to quickly present all the alternative solutions.”

“For example, a foreigner, student, self-employed or retired person might need a guarantor or have to put up extra security. We quickly sort out if they have a qualified guarantor (earning 80-85 times the rent) or have the capability and opportunity to put up extra security in the particular building. Many times they do not have a guarantor or the building cannot accept more than one month security or my client does not want to put up months of extra security even if it is acceptable in the building.”

“Other times the renter cannot get the guarantor information fast enough or is unsure about the guarantor’s qualifications; then I usually bring up Insurent as it is an easy process and very fast way to be approved by the building for a reasonable price. Perhaps more importantly, Insurent ensures that I do not lose the deal, and my client gets their first choice apartment. So far this year I have closed 14 deals with Insurent that I probably would have lost. Insurent is one of reasons I have been so successful.”

Joseph has also found that it is important that his client is completely convinced that he is getting the best deal in the desired location. “Even if my client falls in love with the first or second apartment we see, I strongly suggest that we see all the good options and then put in the application, and I try to negotiate some, if possible, on behalf of the client. When we are finished, the client is convinced he/she has the best deal, and we quickly close. The client knows that I would not let them settle until they see a broad sample of the market for what they want.”

The key to seeing all the options for clients is having the best market knowledge and relationships with building managements. “You must have the best technology and be as current as possible on available and upcoming listings.In addition, it also helps to have strong relationships with building managements who will provide early knowledge about upcoming vacancies if they know you are a superior broker for them. As a result of the early intelligence, I am able to get apartments for some of my clients before they are widely known to be available.”

Joseph concludes, “By using all my resources and tools, and having great market intelligence regarding availabilities, and having a positive and honest relationship with my client, as well as being effective and quick, I know that I have done the best job possible for my client. I can tell that I have done a great job for my client when they comeback to me again or if my client refers their friends to me to help get their apartment. So far, my client referrals have grown every year.” Joseph Haddad has an effective strategy to continue to be a very successful broker.

NYTIMES: Why You Cannot be a Successful "Sprinting Renter" if you are not Qualified!

2011-12-02T16:45:56Z

The NY Times article, “Renters Should Be Sprinters”, makes a number of very important points about the short window of opportunity for renters to be successful in renting their apartment in NYC. There are short windows of opportunity to rent an apartment in NYC because of limited supply and high demand. In addition, if you search too early, not all apartments may be listed, and if you search late, most apartments may be gone, and you will be forced to settle and can be quite disappointed. Therefore, you must have all your paperwork in order, have all the necessary money in your checking account, look hard at right time, know very clearly what you want, and be able decide in a very short time frame.

However, even if you follow this sound advice, you may still lose the race for the apartment you want!

What was noticeably missing in the NY Times article is mention of the fact that very large numbers of well-prepared sprinting renters may also be very disappointed because they unexpectedly find out that they are not “qualified” in the eyes of the landlord. Nearly all Manhattan landlords require that the renter(s) make at least 40x the monthly rent and have a good US credit score.

The Landlords almost always consider foreigners and US citizens without US credit to be unqualified and in need of a guarantor. Retirees are usually deemed unqualified because they do not work. Self-Employed people are very often deemed “unqualified” because owners consider their income too unpredictable in today’s economy. Even if you are well off and do not need to work, you may surprised that you are “unqualified” in the eyes of landlords. Of course, almost all students, US or foreign, are not qualified because they do not work. The list of unacceptable renters is actually far longer than this brief set of examples.

The next shocking surprise for some renters is that your possible guarantor, (usually a parent, relative, or close friend) does not “qualify” as a guarantor. Many owners will not take guarantors outside of tri-state area. Many landlords will not accept guarantors if they are retired regardless of their wealth. In fact, a guarantor almost always needs to earn from work 75-85 times the monthly rent to be “qualified”. (changes are made in these sentences from the blog that you posted) Foreign students and workers (and many US renters) find out their parents who are out of the area or overseas cannot qualify as guarantors, and moreover they often cannot prepay the full year’s rent to qualify as guarantors. In addition, it is often not possible for them to put up 12 months security because of NYC real estate law regarding new 421-A buildings that are under the rent stabilization code and thus unable to take extra security or prepaid rent.

All of this may seem to not make any sense, but it is the Catch 22 reality that renters and their guarantors face in NYC.

There is a smart surefire way to raise the odds that you do not lose your sprint for the apartment that you want. You need to have Insurent Guaranty in your wallet.

If you or your broker has any doubt that you are qualified for apartment in your price range, you can be qualified for free by Insurent Lease Guarantor service. Then, in the event you learn from the landlord that you need a guarantor, you are ready and will not lose the window of opportunity to rent the apartment. You only have to pay Insurent when and if you decide you need Insurent as your guarantor. You pay shortly before you win the sprint and close on the apartment you want.

Insurent Lease Guaranty is Now Accepted by The Brodsky Organization

2011-11-28T17:21:47Z

The Brodsky Organization will now be able to close more leases with a larger pool of qualified renters by using Insurent.

New York, NY (PRWEB) November 28, 2011

The Brodsky Organization, one of the largest residential owners in New York City, is the latest landlord to accept the NYC guarantor program, the Insurent Lease Guaranty. Brodsky's residential portfolio consists of many of the finest apartment buildings throughout the various neighborhoods of Manhattan.

Jeffrey Geller, the Vice Chairman and Chief Operating Officer of Insurent, explained “The Brodsky Organization has accepted the Insurent Lease Guaranty Program and will now be able to close more leases with a larger pool of qualified renters by using Insurent. The Brodsky Organization is one of the most admired owners, developers, and managers of luxury and affordable rental apartments in New York City. Insurent looks forward to working with The Brodsky Organization, driving more qualified renters to their buildings, and assisting them in closing more leases without cost or risk, and in a quick and efficient way.”

The Insurent Program closes leases for the following renters: (i) creditworthy responsible college and professional graduates entering the workforce who don’t meet the NYC landlords’ 40x-50x annual income/monthly rent multiple, (ii) foreign executives relocating to the U.S. who have no U.S. credit history, (iii) relocating U.S. executives, (iv) self-employed persons, (v) non-employed foreign and US renters with significant cash liquid assets, (vi) international and U.S. students with Responsible Parties, and (vii) US and foreign corporations.

Presently, 1,100 buildings representing over 140,000 apartments accept the Insurent Program. Other major owners using the Insurent Lease Guaranty include Glenwood Management, Manhattan Skyline, Rose Associates, Silverstein Properties, LeFrak Organization, Gotham Organization, Stonehenge Management, Extell Development, and Forest City Ratner.

ABOUT INSURENT

What brokers who have used Insurent Lease Guarantor service have recently said...

2011-11-07T21:36:31Z

Are you a broker who has used Insurent? Click here to send us feedback and be entered into our contest !

J. Haddad

"All I want to do is say Thank You INSURENT. I have closed over 10 deals this year alone because Insurent was an option for my clients. From foreign students to many other reasons a building would not approve a client, Insurent was there as last resort. When I say last resort I mean a life saver for my clients. Very fast and easy process. Same day approval. I can not ask for better service. Thank you again and again."

K. Carscaden

"Just finished up a deal with a corporate lease no SS, plus a new company to the United states. Wow everyone at insurent was so fast and helpful. Put simply insurent makes the most difficult situations easy and painless for all parties involved."

M. Portnof

"I had a long term foreign client who had been renting in short term units. He decided to rent on a yearly basis in NYC. Although he had the financial ability to rent, his credit was questionable. Using Insurent to guarantee his rent for a year, he was able to rent the apartment of his choice. Thank you Insurent for helping to make this deal a reality!"

R. Beacham

"I had a client from Puerto Rico, and even though his parents were American citizens, this major US landlord would not accept them as guarantors. We called Insurent in the morning, and LITERALLY within 45 minutes of our providing the most basic of information, we had approval. They contacted the landlord, who then immediately approved the lease. It was an amazingly quick, simple process. The deal would not have gotten done without Insurent. Absolutely THE BEST."

M. Darnell

"When I was left in a bind to get my client into a building without having to cough up multiple months of security, Insurent was there. The customer service alone is so fast and personal, the COO personally executed the deal for us within one hour! So when you need an effective, efficient, and economic solution......think Insurent!"

TheRealDeal.com says Insurent Lease Guarantor Service Enables Foreign and Domestic Students to Rent in NYC

2011-10-11T17:14:42Z

The Insurent® Lease Guaranty Program was created to assist landlords, condo/co-op owners, renters and brokers in closing residential leases. Its role as the "institutional mommy and daddy" allows thousands of leases to quickly and easily close to the benefit of all parties that otherwise would not close without Insurent.

Last week The Real Deal questioned if "international guarantors are worth the risk" and said that foreign students have major difficulties in renting NYC apartments because their parents are not acceptable to landlords/owners as guarantors. The Real Deal also discussed how Insurent Lease Guarantor service is helping landlords solve this problem.

"New York landlords are reluctant to accept guarantors from overseas, or even outside the Tri-State area of New York, New Jersey and Connecticut. Yet with the growing number of international students seeking apartments in the city's cutthroat rental market, the high bar to international guarantors has increasingly become a problem for both students and the landlord...To most landlords, an international guarantor is no guarantor at all, experts said. Not only is it difficult to verify credit history, it's also an ordeal to go after an international guarantor in the event that a tenant skips out on rent..."

Indeed, most landlords apply the same logic to American guarantors who live outside the Tri-State Area..."If somebody did not pay their rent, it would be very difficult for the landlord to go ahead and collect that rent from somebody that's in the [U.S.] far away, or outside the country," said Gordon Golub, Citi Habitats' director of rentals...

International students do have other options, like turning to Insurent....Billed as the city's only institutional guarantor, Insurent will underwrite a lease for a foreign tenant with no U.S. credit history for 110 percent of a month's rent -- which brokers and landlords said is filling a niche." (TheRealDeal.com)

Given that there are approximately 44,000 foreign students attending school in NYC, many owners and foreign students have been using Insurent Lease Guaranty to solve this major problem quickly and easily for both parties. Some of the biggest landlords in NYC do not show apartments to foreign or domestic students until they are prequalified by Insurent so that they know they can accept the student(s) without any risk of loss.

Jeffrey Geller, Founder and Chief Operating Officer of Insurent,commented, "Besides being applicable to foreign students, Insurent is also used to eliminate the guarantor problem for countless others including foreign employed persons, US and foreign persons with significant cash liquid assets, US students, self-employed persons, retirees, and many others who have good credit but do not quite meet the owners' 40-50x income test. Moreover, owners are realizing that not only does Insurent take away all risk of loss regarding a renter, but, even more importantly, Insurent enables owners to significantly increase their cash flow while closing many more leases. It's a win-win for renters and owners."

ABOUT INSURENT
The Insurent® Lease Guaranty Program was created to serve renters, landlords, condo/co-op owners, and brokers and relocation specialists by offering the first institutional guarantor of residential leases. Insurent Lease Guaranty has been featured in the New York Times, The Real Deal, The New York Real Estate Journal and Real Estate Weekly.

The Insurent® Lease Guaranty Program is underwritten and issued by Argonaut Insurance Company, a property and casualty insurance company rated A (Excellent) by A.M. Best. Instead of looking for an individual guarantor or co-signer, or having to pay a significantly larger security deposit or prepaid rent, a renter may utilize the Insurent® Lease Guaranty to satisfy the landlord's financial and credit requirements.