The Insurent Lease Guaranty Program is a great proposition for landlords: the Program turns “Lost deals” into closed leases, streamlines the leasing process, and eliminates all rent loss from unqualified renters.
New York, NY (PRWEB) January 12, 2011
Insurent Lease Guaranty has quickly engrained itself as part of the New York City rental process since their start only two years ago. Currently over 125,000 apartments in NYC representing over 1,000 buildings accept the Insurent Lease Guaranty enabling hundreds of landlords to increase occupancy, eliminate rent loss and close leases quickly - all at no cost to the landlord.
Insurent is the first and only institutional guarantor that backs creditworthy college and professional school graduates entering the workforce; Non-U.S. residents; self-employed or retired persons; international students and U.S. students and other persons who cannot demonstrate the very difficult annual income requirement, or credit history sufficient to meet the financial eligibility standards that are typically required.
“Tenants carry financial risk and in this economy Landlords face the difficult task of obtaining qualified
renters,” says Jeffrey Geller, creator and Chief Operating Officer of Insurent. “The Insurent Lease Guaranty Program is a great proposition for landlords: the Program turns “Lost deals” into closed leases, streamlines the leasing process, and eliminates all rent loss from unqualified renters.”
The Insurent® Lease Guaranty Program is based on a simple concept. Landlords solely accept the Insurent Program. Renters who do not satisfy the landlord’s financial requirements pay for the Insurent Lease Guaranty. The Insurent Guaranty covers the full rent obligation under the lease.
“Glenwood Management is pleased to accept the Insurent Lease Guaranty Program, and believe this is an idea who times has come,” says Gary Jacob, Executive Vice President at Glenwood Management. “Our mission is to provide the best homes, best locations and best service in the city. The Insurent Program enhances our ability to streamline the rental process and to close additional leases for creditworthy tenants.”
Numerous other leading New York City landlords accept the Insurent Lease Guaranty Program including Manhattan Skyline, Silverstein Properties, Rose Associates, Rockrose Development, Stonehenge Management, Peter Cooper Village/Stuyvesant Town, The LeFrak Organization, Gotham Organization, Hakimian Organization, Atlantic Development Group, and Columbus Square as well as a multitude of medium size and smaller landlords.
In 2011 Insurent expects to increase its portfolio of apartments which accept the Insurent Lease Guaranty to increase to over 225,000 New York City apartments, continuing to make the rental process easier for hundreds of landlords and thousands of renters.
The Insurent® Lease Guaranty Program was created to serve renters, landlords, condo/co-op owners, and brokers and relocation specialists by offering the first institutional guarantor of residential leases. Insurent Lease Guaranty has been featured in the New York Times, The Real Deal, The New York Real Estate Journal and Real Estate Weekly.
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.
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