JACK and LANDLORDS Landlords' Business Smart Way to Lease

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The practice of renters putting down a month’s rent as security deposit is going the way of landline phones: not so long ago, everybody had one, but they’re quickly becoming a relic. BY DENNIS RODKIN


Jack and Landlords is the tenant paid protection of the landlord that’s tax deductible to the landlord, increases renewal rate, and profitable for the landlord. Security deposits are the antiquated way of leasing. Jack and Landlords contracts with landlords to cover up to the tenants’ first month rent amount. Why use Jack and Landlords?:


  • Increase renewals and decrease turnover rates
  • Landlords profit when damages are lower than the amount paid out by guarantee as well as other ways.
  • Tax deduction given by tenants that decreases tax liability.
  • A discounted, same as cash, alternative finance option to tenants
  • An alternative to multiple months of security deposit for landlords that require 2 or more months. Tenants agree to one month's security deposit and guarantee for the second month.
  • Tenants are left with move in cash
  • No more large cash outlays from tenants
  • No more tenant disputes over security deposits
  • No more court dates
  • Tenants walk free and clear of no reimbursements of claims to 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 covers up to the full amount of 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.


Jack and Landlords Is The Business Smart Way to Lease

Supporting Articles:

Security Deposits? In Massachusetts, They Are Not Worth The Risks

I advise all my Landlord clients to not collect a security deposit.


Landlords appeal to Chicago City Council for security deposit reform

As the ordinance now exists, Windy City landlords must pay two times the deposit and interest as well as cover any legal fees incurred by their tenants if the deposit repayment is off, sometimes by as little as one cent.


Why Some Chicago Apartments Don’t Need a Security Deposit

The practice of renters putting down a month’s rent as security deposit is going the way of landline phones: not so long ago, everybody had one, but they’re quickly becoming a relic.

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