Owner Benefit Package

The Owner Benefit Package™ is a bundled service that offers rental owners new and innovative products, including Rent Advance™, Rental Income Protection, Legal and Re-Tenanting Expense Shield, Legislative Alerts, and the OBP™ Rental Report.

The Owner Benefit Package™ is true peace of mind. Accepting a Rent Advance™ offer gives you up to 12 months of risk-free rental income. If you decide not to proceed with the advance, you can rest easy knowing your rental income is protected in the event of a tenant defaulting on rent.

Subscribing to OBP™ is easy — you don't have to do anything. Your rental units are automatically subscribed to the services provided. If you wish to unsubscribe, you must complete an online opt-out form. Not completing the form will activate the subscription and you will be charged. Owners who opt out within the first 30 days will receive a credit on their next owner statement. Opt-outs submitted after 30 days will not be credited.

The monthly subscription fee for the Owner Benefit Package™ is $40.00. If your rental unit only qualifies for the Legal and Re-Tenanting Expense Shield, you will be charged $20.00. Additional fees apply when accepting a Rent Advance™ offer.

Leases that do not initially qualify for the full package may still be eligible for some protections. The benefits offered for these units are the Legal and Re-Tenanting Expense Shield and Legislative Alerts. If your rental unit does not meet any of the qualification criteria, you will not be charged.

Rent Advance™ gives owners of qualifying units the ability to receive up to 12 months of rent in one lump sum payment. Rent Advance™ completely removes the risk of a tenant defaulting on their rental payment obligation.

No, the Rent Advance™ offer is optional, and owners are not required to accept it.

Owners will receive an email offer with an exact dollar amount and a link to view the offer details. Follow the link to view additional features and accept the offer. Once the offer is accepted, the owner will receive a confirmation email containing a request to verify the bank account for delivery of the funds.

Yes, a Rent Advance™ offer generally expires 7 days after it is emailed to an owner. Owners may request another offer prior to the next offer period.

Minimum qualification requirements are:

• At least 6 months remaining on a new or existing lease (6 months is the minimum duration for Rent Advance™)
• The monthly rent is not currently subsidized by rental assistance programs
• Monthly rent amount is between $800 and $5,000
• Property type is residential (multi-family and single-family only)

Existing leases are scored using a proprietary algorithm that reviews payment history. Leases with NSFs or late payments may not initially qualify for Rent Advance™.

OBP™ protects you from losses stemming from a tenant's default on rent. We will provide up to 2 months of lost rental income on qualifying units. Examples of what is covered:

• Tenant stops paying rent and is evicted
• Tenant breaks the lease
• Tenant skips, or abandons, the rental unit

When you accept a Rent Advance™ offer, you no longer need Rent Protection, as you have already received your rental payment in advance.

Yes, the monthly rent amount must be between $800 and $5,000. Existing leases at the time of subscription are scored based on the current tenant's payment activity. We review historical on-time payments, late payments, NSFs, and more to determine if a unit qualifies. All rental units with new renters are automatically qualified when the unit is currently subscribed to the Owner Benefit Package™.

We handle the claims process on your behalf. When it comes time to make a claim, we will submit a claims request and provide all required documentation. Claims are typically paid within 7 days, and management fees will be deducted.

Our rental report provides you with access to accurate rental listing comparables. When your rental unit is vacant and ready for leasing, our comps report gives you insights into how other similar rental units are being priced.

Our legislative updates provide you with details on new, pending, and recently passed rental housing legislation. Stay up to date on rental housing laws and how they may affect future investment opportunities.

Receive up to $1,000 towards the listing of a rental unit, legal costs of an eviction, or other legal action following a tenant's default on rent.

If an eviction is filed with the courts and the tenant ends up paying the rent, a claim can still be submitted for the fees related to the tenant's default on their rental payment.

Yes! Leases that do not qualify for Rent Advance™ or Rent Protection may still qualify for the Legal and Re-Tenanting Expense Shield, as long as they are not currently delinquent on their rental payment and their rent is between $800 and $5,000.

Yes, leases on Section 8 or voucher programs qualify as long as they are not currently delinquent on rent and are within the minimum and maximum rent amounts.