Security deposits are the antiquated way of leasing. Jack and Landlords is the tenant paid protection of the landlord, whereby, tenants pay the landlord's guarantee cost along with rent. Jack and Landlords contract with landlords to cover tenants’ first month rent amount so landlords can lease without a security deposit. Why use Jack and Landlords?:
The cost is just 65% of your tenant's 1st month's rent paid over 12 equal payments. After the twelfth payment, payments drop off and your guarantee stays effective until your tenant terminates their lease. Your guarantee pays out the whole amount equal to your tenant's 1st month's rent.
Payments are due when you receive your tenant's rent each month that includes the cost of the guarantee. Landlords complete their own addendum with tenants for adjusted rent to include guarantee cost. There is no due date each month.
To get started with Jack and Landlords, contact us to receive an invitation to register. Thank you.