Owners win because they don’t have any risk. Renters 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.
New York, NY (PRWEB) January 24, 2012
This month NYC rental review site Rentenna.com integrated a new search feature of whether or not an apartment or landlord accepts the Insurent Lease Guaranty. Insurent has quickly become a vital part of the NYC rental vernacular as it is the only guarantor service in the US, and is now accepted by over 150,000 apartments in NYC.
Insurent's 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.
From NYC Listings Giant Streeteasy.com:
"In a city where the rental market is constantly changing and prices continue to skyrocket, Insurent continues to act as an invaluable resource for the melting pot of people looking to find the right place to live. It's tough enough to find a comfortable apartment in New York, and nothing feels worse than finding the perfect apartment and subsequently finding out you don't qualify or the landlord won't accept an out of state guarantor. Insurent helps you open the door to the apartment you've dreamt of by guaranteeing your lease, and all at a price less than a broker’s fee."
From NYC Apartment Review Site Rentenna.com:
"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 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."
From NYC Real Estate Survival Guide Brickunderground.com:
"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."
From NYC Brokerage Caliber Associates:
"Rather than trying to find a guarantor or spending a considerably more substantial security first deposit or prepaid lease, the future tenant may possibly make use of the "Insurent Rent Guaranty" to meet the landlord's financial along with credit demands."
From NYC Rental Expert Site HowToRentinNYC:
"This is where Insurent Lease Guaranty comes in. They will act as your co-singer/guarantor if you make 27.5 x the rent rather than 45 x the monthly rent, and will also qualify person on just cash liquid assets. Insurent Lease Guaranty is the first and only institutional guarantor of residential leases."
From NYC Listings Site Urbanedgeny.com:
"There are companies, such as Insurent, that are insurance programs which act as lease guarantors for those who have good credit, or for non U.S. persons or U.S. persons who have no credit, but still require a cosigner. There are literally tens of thousands of apartments in NYC that accept Insurent. For more information, please consult their website. They help out thousands of people each year get an apartment that they otherwise would have not been able to qualify for."
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.