Have you looked into offering your tenants deposit insurance in San Antonio, Texas, or any other area? Deposit insurance is a win-win for landlords and tenants. This insurance is an opportunity that landlords can provide for new tenants to benefit them both.
How does it work?
Landlords can offer new tenants deposit insurance in San Antonio. This allows tenants to pay less upfront for a policy to cover anything that a security deposit would normally cover. The landlord remains secure because if there is any damage that would normally be covered by the security deposit will be covered by the insurance, up to the policy limits.
How much would the deposit insurance in San Antonio cost?
Like any insurance policy, the cost of the deposit insurance in San Antonio depends on the amount of deposit you
need it to cover. If the typical deposit is $500, your applicant would pay $85. If the deposit amount is $1,000, your applicant would pay $170 for the policy. If the deposit is $1,500, they’d pay $255, and if the deposit is $2,000, they’d pay $340.
Are there any criteria for landlords to use deposit insurance in San Antonio?
Deposit insurance policies are available for landlords to offer in properties with 1000 or more units.
What are the other advantages of deposit insurance in San Antonio?
Using deposit insurance in San Antonio helps to track and monitor your deposits on large properties. It also allows you to attract those who may be great tenants who just don’t have the extra cash up front to pay a large deposit.
Deposit insurance in San Antonio is a wonderful way to benefit both landlords and tenants. Landlords can obtain the financial security they need that a deposit traditionally provides. Tenants can move into a great property without as large an upfront financial commitment. If ACUTRAQ can be of assistance with your deposit insurance in San Antonio or any other area nationwide, just give us a call at 888-361-7036.