Answer
Jul 10, 2025 - 01:36 AM
Yeah, so at the end of the day, this protection really is more beneficial to you as a landlord, right? And that is our main goal. But with that being said, for those higher risk renters, those lower credit score individuals, this is a solution. And it's really a tool that, you know, I recommend keeping your back pocket, utilize as needed. For those folks that you have to deny because they're not meeting your qualifications, it's simply a no, you know, for a lot of those folks. So if you are denying someone outright, you're saying goodbye, the relationship ends there. the benefit to those individuals is getting that second chance opportunity. Um, and I think I, from my experience, a lot of these individuals, they will seek us out before applying to the property because they already know they have, they have credit issues that are haunting them and following them. And so having this solution, those folks are oftentimes more than willing to pay that non-refundable fee versus a potentially refundable security deposit, um, which in all likelihood, they may not get back in the end of things. Um, just to get into the property because housing is important and they may be, you know, at that point where desperation is setting in, unfortunately, and this solution really is a godsend to them. I will say for those, those folks that are approved and meeting your qualifications, it may be a harder conversation, but what you can lean on is the fact that with a certain credit score and above, they may be below one month's rent. They may be below that, that total security deposit amount. And so, You know, the caveat is it's nonrefundable, but that may put some money back in their pockets as well.
