Greater Protection + Incremental Revenue Stream
RentSense Deposit Plus+
RentSense Deposit Plus+ provides greater protection and an incremental revenue stream for property owners.
Deposit Plus+ is a security deposit insurance alternative. Rather than collecting a traditional security deposit, which provides four weeks of protection in case of default or damages, Deposit Plus+ provides six weeks of protection via an innovative insurance product.
Example: Company with 2000 homes or apartments.
$1,500,000 in additional coverage
The tenant pays 25% of one month’s rent, which is equivalent to the Deposit Plus+ annual premium. In turn, the property owner receives six weeks of protection and coverage. That’s 50% more value!
Included in that coverage is $500 towards negligent residence damage, $300 towards utility default, if the property owner is responsible or eviction filing fees, and $300 towards pet property damage- all included within the Deposit Plus+ policy limit of six weeks rent.
Deposit Plus+ is tenant paid. No cost to the property owner.
RentSense Deposit Plus+ not only saves time and money on the administration of collecting and maintaining security deposits, but it also creates an incremental revenue stream.
By charging each tenant a set-up fee (amount at property owner discretion), property owners collect on-going revenue per unit per year. This is money paid directly to the property owner.
Example: $50 per unit per year- direct to owner
- 2,000 homes = $100,000
- 10,000 homes = $500,000
Valuable and Sensible. That’s RentSensibility!
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