By adopting Insurent, Lemle now has a great tool to accelerate the speed and ease of closing more rental leases while eliminating all the financial risk.
New York, NY (PRWEB) April 10, 2012
J. Lemle Real Estate is the latest NYC owner to adopt the Insurent Guarantor Program to help with the closing of their rental leases. Since 1921, Lemle has owned and managed approximately 40 buildings relating to 800 renter units which are located primarily in the Upper East Side of Manhattan.
Lemle, like most owners, encounters a wide range of renters who may face obstacles in qualifying for their apartments.
Jeffrey Geller, founder and Chief Operating Officer of Insurent, explained, “By adopting Insurent, Lemle now has a great tool to accelerate the speed and ease of closing more leases while eliminating all the financial risk. Many successful or well-off renters do not fit the owner’s requirements because they are international and do not have US credit, or they may be self-employed, retired, a student, or not employed with significant cash liquid assets. Many others with good US credit just fail to meet the income test required by landlords and do not have a qualified guarantor acceptable to the owner. Instead of turning the renter away or wasting time in vain trying to resolve the situation, Lemle can offer Insurent as a quick way for the renter and Lemle to close the lease easily in 24 hours or less with much less frustration and work for all parties.”
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.