Bonds are not new, but BonRenter is upending the real estate industry’s analog approach to tenant security deposits. A simple and secure alternative: BonRenter guarantees security deposits, giving buildings bonafide renters every time and genuine peace of mind. Backed by Bondex Insurance Company — an industry leader providing insurance solutions for thousands across the tri-state area for more than a decade — BonRenter is as good as (and actually easier than) money in the bank.
BonRenter is designed to be a part of the building’s application process, streamlining the tenant leasing experience and saving landlords time, money, and, let’s face it, the paper-pushing hassle of it all. Seamless integration is supported by exceptional customer service, so the good-as-cash BonRenter product is both a fully automated technology and a boots-on-the-ground operation.
Ideal for landlords with 50 units or more, BonRenter doesn’t cost the landlord a dime and renters are charged a small upfront one-time fee. The bond covers the apartment for the entire lease term, and claims are settled easily and within 30 days.
The smooth and cashless exchange is a win-win for property managers, landlords, and renters, completely eliminating the back office work on security deposits and the financial strain of coming up with a cash deposit. BonRenter facilitates a fluid landlord/tenant agreement for faster turnaround, plus it is certainly a highly marketable amenity, sure to attract more savvy renters.
With an established insurance company behind the scenes and a team in the field with decades of industry experience, BonRenter is uniquely qualified to bring this product to market. Once a building signs on, BonRenter provides a full education with comprehensive training for personnel and dedicated customer service via phone and email. And everything is under one roof. Even in the unfortunate event of an eviction and/or litigation, BonRenter gets you paid quickly.
BonRenter is a great complement to any leasing scenario. Whether you’re about to engage in a lease-up, or looking at upcoming turnover, BonRenter helps facilitate your leasing process, saves your tenants money, and removes the burden of managing security deposit accounts.