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SureDeposit Increasing risk mitigation and providing tenants with options

SureDeposit is a win-win for both property managers and tenants. Property managers benefit from increased protection, while tenants are able to move into a new office space with less cash outlay.

What can SureDeposit do for your property management company?

DECREASE YOUR ADMINISTRATIVE BURDEN: If you’re unable to recover damages or unpaid rent from a tenant, SureDeposit steps in. You simply fill out an electronic form to get the claim started; then, SureDeposit provides a speedy payment and takes over the collections on your behalf.

IMPACT YOUR BOTTOM LINE: Bond payments are paid by tenants. The only indirect cost to owners is the time required to evaluate and integrate the product into the leasing process.

RAISE DEPOSIT LEVELS: For example, if you wanted to raise your deposit requirement from $1,000 minimum to $2,000, you could meet this objective with a $2,000 SureDeposit bond, for which the tenant would make a one-time, non-refundable payment of only $350. This doubles your coverage yet is still appealing to the tenant. For less competitive markets, SureDeposit provides a move-in friendly option for tenants and supplements current high dollar security deposits.

A GREAT MARKETING TOOL: The for-lease ad headline “No Security Deposit for Qualified Tenants” typically attracts tenants and can help increase occupancy. All training, marketing and enrollment materials are included.

BOOST THE AMOUNT OF PROTECTION: Not only does SureDeposit reduce a tenant’s cash outlay, it also boosts the amount of protection you have to offset damages or losses. Property management companies that implement SureDeposit can raise their minimum security deposit requirements to a more appropriate level, resulting in better loss protection, regardless of whether the tenant opts to pay the refundable security deposit or the non-refundable surety
bond payment.

Additional Value to Property Management Companies

QUICK PAYMENT - Clients using the program will be paid on claims within 30 days; most clients receive payment within 11 days.

SIMPLE SET UP - Get started in just 24 to 48 hours, with all materials provided.

EXPERIENCED SUPPORT - SureDeposit provides the most experienced account management team in the industry, with a focus on helping clients succeed.

ONLINE, EASY TO USE - All forms including tenant enrollment and claims forms can be completed online.
Claim payments can also be sent electronically.

STANDARDIZED CLAIMS PROCESS across a portfolio, with easy access to comparative data, tracking of
claims and amount paid.

TRANSPARENCY AND CENTRAL ACCOUNTABILITY with monthly detailed reporting.

Why would your tenants be interested in SureDeposit?

The program’s appeal for tenants is simple: retaining scarce cash flow. Bond payments are a fraction of the cost of a typical security deposit, which dramatically reduces the up-front costs required to move into a new rental space.

For more information, contact us at 1.877.277.4811 or email us at clientsupport@assurant.com.
You can also visit us at www.suredeposit.com.