Due to the ability of Insurent to close more leases and reduce vacancies without cost for owners, Insurent is enrolling numerous owners on a weekly basis.
New York, NY (PRWEB) December 04, 2013
As 2013 draws to a close, Jeffrey Geller, Chief Operating Officer of Insurent Lease Guaranty, announced that “2013 has been a major milestone and record breaking year for Insurent's Lease Guarantor service in terms of owners, buildings and apartments accepting Insurent. We are proud to announce that approximately 250,000 apartments now accept the Insurent Lease Guaranty Program, and we have added a number of national owners and property managers including Equity Residential, UDR, Bozzuto Management, CompassRock and Waterton Residential. Moreover, the pace of owner acceptance and utilization has accelerated, and we see more owners and property managers approaching us every day in a wider range of states as they hear about us from their fellow owners/developers as well as brokers and renters.”
Geller continued, “Due to the ability of Insurent to close more leases and reduce vacancies without cost for owners, Insurent is enrolling numerous owners on a weekly basis, and our volume of business is soaring. Owners understand that Insurent is simply a useful tool to facilitate the reduction of vacancies, the quicker closure of leases, the increase in their cash flow, and the elimination of all rent loss. At the same time, qualified renters including international persons without US credit, self-employed, retired, young professionals or students now have a preferable option to quickly overcome the many challenges of qualifying for the apartment they want.”
Charles Schoenau, Managing Director of Insurent, added “In New York, we have added regional owners like Durst Fetner, Mautner-Glick, Empire Management, and City Homes and Gardens. In 2014 we will continue to expand and add new owners and property managers in New York, New Jersey, Illinois, Massachusetts, and Washington, DC.”
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.