Mr. Jay Smith

Thinking big is a part of the real estate industry and Jay Smith of Charlotte, North Carolina hopes to find a way to build his business bigger and better. Mr. Smith owns a 50-unit apartment property, which is mainly being rented to middle-income families. His first priority is renting units. He knows from previous experience that, even with the best references behind a name, any tenant can default. He decides he needs to find a way to increase his occupancy, yet also ensure that he receives his expected monthly income from the property.

Mr. Smith attended a real estate investment seminar to learn more about how to improve his business. While at the seminar, the speaker mentions RentShield^® and Mr. Smith learns about how decreasing initial move in costs, by eliminating last month’s rent and security deposits, can increase his occupancy.

Mr. Smith already has a tenant screening process in place, but to consolidate the number of different business vendors and to run his business more efficiently, Mr. Smith opts for RentShield^®'s core benefit, the rental default guarantee and the program’s tenant screening services. RentShield^® reviews his 1-999 unit application form and he is approved within 48 hours. Mr. Smith is given a quote that includes the rental default guarantee and tenant screening. He can begin to enroll his existing tenants and start marketing to potential tenants with the incentive of lower move in costs.

Since signing his property up with RentShield^®, Mr. Smith increased the building’s occupancy by attracting renters who can’t or don’t want to pay a lot of money upfront. He has started saving up to finance another building in the near future. Mr. Smith has also had a tenant default, but was able to receive the money from RentShield^® within the month it was due by just completing the easy-to-use claim form.