RentSense is a breakthrough suite of insurance products offering new levels of protection for property owners and managers of medium to large residential rental properties, while generating incremental annual revenue.
The core product of the RentSense suite of offerings is RentSense Deposit Plus+, an insurance alternative that provides the property owner with six weeks of protection from rent default, with a sublimit built in of $500 for tenant damages vs. a traditional security deposit, which typically offers only 4 weeks of protection.
“RentSense is a win-win for property owners and tenants. Property owners not only receive more protection than a traditional security deposit, they also make money from an application fee, paid by the tenant, for processing the policy, adding incremental income to the bottom line. Tenants are able to secure a great apartment, without paying a hefty security deposit.” explains Tim Wahl, creator and CEO of RentSense and long-time insurance executive.
RentSense Deposit Plus+ provides the property owner with more choices to select the best tenants, and it’s a revenue generator! For the renter, it expands the renter’s universe of options for housing. Like buying a car, a house or any big- ticket item, there are financing options. Deposit Plus + is the renter’s financial option.
“It’s a unique way of providing additional protection for landlords, while helping renters get into an apartment for less money. Everybody wins”, says Wahl.
For property owners who want additional protection for tenant-caused property damage, there’s RentSense Legal Liability coverage.
For property owner protection for unpaid utility bills, there’s RentSense Utilities.
RentSense Quick Cash provides the property owner/manager with immediate cash to pay for damages when a tenant defaults or is evicted.
RentSense Pets offers two products: Property Damage Legal Liability and a Pet Liability product, in addition to a Pet Screening, which provides a risk assessment on each pet, complete with a FIDO score.
“It’s one-stop shopping for medium to large residential rental property owners and landlords.”
RentSense is an American company, based in Davidson, NC. RentSense products are available in major U.S. metropolitan areas across the nation.
Tim Wahl: RentSense Founder and President
Tim has spent his entire career in the insurance business, as an agent, broker, brokerage owner and creator of new insurance platforms.
He was an insurance agency owner by the time he was 25, a remarkable accomplishment in the business. A graduate of Marymount College in Boca Raton, FL, Tim holds insurance licenses in many states including Florida, North Carolina, South Carolina, Virginia, Maryland, Delaware and Texas.
Prior to starting RentSense, Tim was the Founder/Partner of AmeriFlood, LLC , President of Community Association Insurance Services and Partner of Acentria Insurance.
He was the recipient of the Nationwide Insurance “National Agent of the Year” and has received a multitude of similar industry honors throughout an illustrious career.
An entrepreneur at heart, Tim owns and has developed the Davidson Equestrian Training Center, Davidson Farms Community, the Davidson Equus Estates Community, Davidson Estates Community, and The Farm at Ridgeway in Ridgeway, SC.
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