The Insurent® Lease Guaranty Program was created to assist landlords, condo/co-op owners, renters and brokers in closing residential leases. Insurent allows thousands of leases to quickly and easily close to the benefit of all parties.
According to The Real Deal and multiple brokerage reports, rents will continue to rise in both Manhattan and Brooklyn. At the same time the vacancy rates are very close to all time lows dropping to a stunningly low 1.28 percent according to one recent report. The challenges for renters include all
time high-pricing for apartments, multiple applications, and very tough qualification standards. Renters will have to be fully qualified, totally prepared, and capable of deciding quickly if they want a particular apartment.
Charles Schoenau Managing Director of Insurent, elaborates: “This year I expect that renters will be in for a shock again when they see how fast apartments rent, how high prices are, how difficult it is to qualify in many cases, and how quickly they have to decide about an apartment if they are qualified. Renters are already complaining to us that it is hard to find an appropriate apartment, and when they finally do, it is often gone the next day. In many cases, these renters did not have their guarantor information in perfect order and that caused them to lose the apartment.
In one specific case, a renter put down a one month deposit on the apartment but took an extra 2 days to provide full guarantor documentation and lost the apartment as the owner had another renter completely qualified with checks. The moral of these stories is to be fully qualified with a guarantor( if necessary) when you begin your search. Then, when you find your ideal apartment, you will
not lose it unnecessarily. With Insurent’s guarantor service, renters have the opportunity to be fully qualified without any cost when they start their search, and this enables renters to get their apartment quicker and with much less frustration.”
Renters who have any flaws in their application or qualifications will be at risk of losing their rental apartment to a qualified competitive renter and destined to spend a longer and frustrating period of time finding their apartment. Accepted in over 200,000+ apartments in NYC alone, and recently
accepted in Boston, Chicago and Washington D.C. metro areas, the Insurent Lease Guaranty has become a rental staple, helping people quickly qualify for their chosen apartment. In this rental season, Insurent’s service is a vital tool to beat out other renters in a very competitive rental market.
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. It is now accepted in Washington D.C., Maryland, Virginia, Illinois, New Jersey, Massachusetts and New York. 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.