theGuarantors
RRE REVIEW –
4/5
USER REVIEWS –
theGuarantors Overview
What is theGuarantors?
TheGuarantors is a financial services company that specializes in solutions for the real estate industry, particularly in rental markets. It offers products and services aimed at mitigating risks for landlords and easing the burden for renters. As their name implies, theGuarantors focuses on providing rental guarantees for rent payments, security deposit alternatives, and insurance services to facilitate smoother rental transactions for both landlords and tenants.
theGuarantors Products & Services
TheGuarantors’ main offerings are financial guarantees for tenants to landlords. These guarantees act as a form of insurance to protect landlords against tenant defaults. Their main service is call Rent Coverage, which act like an insurance policy for a tenant’s rent. They also offer a security deposit alternative, which offers renters a more affordable option than traditional deposits.
theGuarantors Products
Rent Coverage
- Ensures timely rent payments to landlords.
- Mitigates tenant default risks.
- Provides financial stability for property owners.
Deposit Coverage
- Replaces traditional cash deposits.
- Lowers move-in costs for tenants.
- Protects landlords against potential damages.
Renters Insurance
- Covers personal property loss or damage.
- Includes liability protection.
- Often mandatory in rental agreements.
theGuarantors Features
| Feature | Details |
|---|---|
| Rental Guarantees | Acts as insurance for landlords against tenant defaults. |
| Security Deposit Alternatives | Provides renters with an affordable alternative to traditional security deposits. |
| Lease Co-signing Services | Helps renters qualify for leases by providing a co-signing service. |
| Risk Assessment Tools | Offers landlords tools to assess the risk profile of potential tenants. |
| Streamlined Application Process | Simplifies the application process for renters and landlords. |
| Tenant Screening | Screening services to verify the background and financial stability of prospective tenants. |
theGuarantors Pricing
Deposit Coverage Pricing
Deposit Coverage requires the tenant to pay a non-refundable fee that is less than the traditional cash deposit that are otherwise typically required by a landlord.
≈ 25-50% of 1-Month’s Rent
Rent Coverage
Pricing
Rent Coverage is like an insurance policy where the landlord is the beneficiary. The policy qualifies renters for an apartment they may not otherwise qualify for, and the policy insures the landlord for the term of the renter’s lease.
≈ 40% of 1-Month’s Rent
Zero-Gap Renters Insurance
Zero-Gap Renters Insurance automates compliance checks and ensures continuous coverage, minimizing liability while enhancing operational efficiency for property managers
Rates Starting at $13/mo
Disclaimer: Products, services and pricing information is supplied by the provider or retrieved from publicly accessible pricing materials. Pricing updated May 2024
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theGuarantors Reviews
theGuarantors Review by RentalRealEstate
4/5
Cost – 4
Ease-of-Use – 4
Customer Service – 4
Tools and Resources – 4
theGuarantors can be a valuable partner in reducing rental risks for landlords. Their rental guarantees offer financial security, while security deposit alternatives make rental properties more attractive to prospective renters. Their lease co-signing services widen the pool of potential tenants by allowing parties to apply who normally wouldn’t qualify on their own. However, the effectiveness of these services depends on their accuracy and the company’s ability to manage financial risks effectively.
Pros:
- Reliable AI-powered fraud detection.
- Quick results and seamless integration with existing processes.
- Cost-effective for landlords in reducing fraud-related losses.
Cons:
- Reliance on the accuracy of proprietary technology.
- May require technical proficiency for optimal use.
- Focused primarily on fraud detection, which might not cover all aspects of screening.
theGuarantors User Reviews
Have you used theGuarantors for your rental property? If so, please take a minute to leave an honest review of your experience below. By writing a review, you can help guide other rental real estate enthusiasts on whether or not theGuarantors is the good choice for them.
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Misleading and predatory
Be careful. They say security deposit but security deposits are refunded once lease is over and there’s no balance due. Guarantors won’t refund your “deposit”. With them you are paying a fee for your deposit. Don’t be misled.
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theGuarnators Alternatives
theGuarantors
Is theGuarantors Legitimate?
Yes, theGuarantors is a legitimate source for tenant-based rent and security deposit coverage. They have been in business since 2015 and have provided coverage for over $2B+ in rent and deposits for 3M+ homes across the United States.
How Does theGuarantors Work?
TheGuarantors is a service that provides rental lease guarantees, acting as a cosigner for renters who may not meet the financial requirements on their own. This process helps renters secure apartments by ensuring landlords receive their rent, even if the tenant is unable to pay.
- Application: Renters apply for the guarantee service through TheGuarantors’ website.
- Approval: TheGuarantors assesses the renter’s eligibility based on credit, income, and employment history.
- Payment: Upon approval, the renter pays a fee for the guarantee service.
- Lease Signing: The renter can then proceed to sign the lease with the landlord’s confidence in receiving rent payments secured.
Who Owns theGuarantors?
TheGuarantors is a privately held company that is owned by a series of investors who have invested in the company since its founding in 2015.
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