The Insurent Lease Guaranty Program was created to assist landlords, condo/co-op owners, renters and brokers in closing residential leases. Now accepted in over 300,000 apartments in NYC and NJ, and now doing business in other metro areas.
The Insurent Lease Guaranty announces that its utilization has recently accelerated in both the New York area as well as in other states. Over 300,000 rental apartments now accept the Insurent Lease Guaranty.
Charles Schoenau, Managing Director of Insurent, elaborated, “In just the last 2 months, 18 new multifamily owners and property managers have adopted Insurent to facilitate the faster closing of leases and to increase their increase occupancy rates while eliminating rent loss risk on Insurent leases. These new owners and property managers have buildings in many areas including Brooklyn, Manhattan, Harlem, and the Bronx. Amongst the owners are Big Apple Management, New Holland Residences, Nelson Management, Elmo Realty Company, L Rose Realty, The Loketch Group, Southside Units, and 641 Central Management. In addition, Panco Management has added 11 buildings in different cities in Virginia and Maryland which reflects Insurent expansion in these other states. Currently, Insurent operates in New York, New Jersey, Massachusetts, Illinois, Virginia, Maryland, and Washington DC and expects to be operating in Florida, Texas, and California in 2015.”
With Insurent’s guarantor service, renters have the opportunity to be fully qualified without any cost when they start their search, and this enables renters to get their apartment quicker and with much less frustration.
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. It is now accepted in Washington D.C., Maryland, Virginia, Illinois, New Jersey, Massachusetts and New York. 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.