Pensio, World, and ERVIS envision transforming the rental landscape through innovative services and rent guarantee products tailored for property owners and pre-construction new-build developers. Our goal is to provide a seamless, secure, and timely reimbursement payment experience, with a steadfast commitment to make sure the rent is paid.
Vision
Our mission is to revolutionize the rental industry through a transparent, timely rent payment reimbursement platform. We aim to foster strong results, significantly reduce rental property loss, and provide concrete, determinable rental income.
Mission
Welcome to Pensio Global, World Insurance, and ERVIS Rent – your gateway to accessing our services and core rent guarantee products.
Gateway
AssuredIncome provides a comprehensive total property management partnership, ensuring guaranteed occupancy, rental income, and a cap on property management property expenses. Alternatively, AssuredIncome's limited tenant management partnership option guarantees occupancy, and rental income, and covers tenant turnover expenses, with your own property management team handling the remaining responsibilities. This specialized risk management service delivers quantifiable net operating results, whatever option you choose, offering a reliable top or bottom-line rental income return.
1. A Top or Bottom Line Rental Product Designed for Pre-Construction New Builds
The initial term of the AssuredIncome pre-construction new build partnership is flexible, ranging from 5 to 10 years, contingent on a comprehensive review of your development plans and agreement terms and conditions. The cost of this product is determined by various factors and will be negotiated through our underwriting process.
2. Flexible Terms
AssuredIncome's structured occupancy guarantee that aligns with your building type, amenities, and floor plan configurations, and conduct a street corner analysis to ensure the accuracy of the assessment. This planning for occupancy models is especially relevant when designing your pre-construction building, considering factors such as single-family homes, multi-family types, and condominium configurations tailored for investor rentals. It addresses the unique challenges of vacancy models specific to the area where the building is located, enhancing the effectiveness of your income planning.
3. Occupancy Guarantee
AssuredIncome's structured rental protection based on the best probable rent rate that can be charged for your building type, amenities, and floor plan configurations, and conducted a street analysis to ensure the accuracy of the assessment. This is crucial to determine the appropriate rental rates for tenants, factoring in the historical growth in rental rates for the location of your development. AssuredIncome's rent rates generally focus on an initial achievable rent and a rental rate that typically grows at 2% per year on a rental protection basis. This rate may be conservative compared to the rental growth rate your location is experiencing or national rates.
4. Rental Protection
Whether you opt into AssuredIncome's property management team or use your own, AssuredIncome must have direct control over the turnover costs and eviction processes and costs. AssuredIncome refers to this as limited tenant management, if you elect to have your property management team handling your property management responsibilities. It is crucial to always consider tenant management issues related to turnover processes, eviction processes, and other tenant-related matters that may impact vacancy rates. AssuredIncome rent guarantee amount and occupancy guarantee are predicated on the commitment that, regardless of vacant units or non-performing tenants, the bottom line protected by us remains the same.
5. Tenant Management Expenses
AssuredIncome offers two distinct partnership options tailored to your needs. AssuredIncome's comprehensive total property management ensures guaranteed occupancy and rental income, and a cap on property management expenses. On the other hand, the limited tenant management option guarantees occupancy, and rental income, and protects tenant turnover expenses, with your property management team handling the remaining responsibilities. The choice between these options is a crucial factor as AssuredIncome begins to structure and analyze the AssuredIncome services and guarantees, providing you with a reliable top or bottom-line rental income return.
6. Management Options
AssuredIncome pays all damages caused by a tenant, eliminating the need for you to budget for capital expenses related to tenant damage. However, please keep in mind that you still need to factor in your normal wear and tear expenses and your building maintenance expenses.
7. Tenant Damage
To be considered qualified tenants, applicants must meet specific criteria, including income verification and a clean rental history with no rent loss or damage claims in the last 3 years. Notably, there is no minimum credit score requirement, offering flexibility to applicants. However, adherence to approval standards expected in any rental application is essential before approving a new tenant, making income verification a key factor in the process.
8. Tenant Qualifications
In the AssuredIncome services and guarantee agreement, AssuredIncome's commitment stands out as unparalleled in the industry. AssuredIncome goes beyond promises and actively ensures the fulfillment of AssuredIncome's obligation, providing not just rent guarantees but a reliable top or bottom-line rental income. This commitment is designed to offer reassurance to all stakeholders involved in a pre-construction new build development, solidifying the foundation for a stable and predictable rental income.
9. Our Commitment
AssuredTenant, a limited lease co-guarantee, enables you to waive security deposits for tenants, promoting beneficial cashless security deposit conditions while protecting you from specific lease violations. We provide a one-month rent guarantee to shield you from rent payment violations and additional protection for unpaid malicious tenant damage court orders — double the safeguard not offered by other security deposit providers.
1. A Limited Lease Co-Guarantee
The initial term of AssuredTenant limited lease co-guarantee for your security deposit waiver is 1 year, followed by subsequent 12-month terms or a month-to-month basis, subject to certain restrictions. Tenants are required to pay a one-time $100 application fee and a monthly fee based on their rent amount, with a typical cost of $10 monthly.
2. Flexible
The exceptional feature of this limited lease co-guarantee for your security deposit waiver lies in its reimbursement policy, providing unparalleled financial security. It reimburses up to 1 month's rent if you cannot collect the security deposit amount waived in your lease agreement within 30 days, up to a maximum security deposit rent protection of $5,000 or the monthly rent, whichever is less.
3. Rent Protection
The standout feature of this limited lease co-guarantee is its dual protection—first, the one-month rent protection, and second, additional protection against unpaid malicious tenant damage court orders. AssuredTenant reimburses unpaid court-ordered malicious tenant damage if the tenant fails to pay within 30 days as ordered by a court. Please note that AssuredTenant only reimburses court-ordered amounts above the first $1,000, and AssuredTenant exclusions include normal wear and tear which may be excluded from the court order payment amount.
4. Unpaid Malicious Tenant Damage Protection
In case AssuredTenant has to pay for any reimbursement, AssuredTenant reserves an irrevocable right to collect the reimbursement payments AssuredTenants made on your tenant's behalf. You must cooperate in the recovery of the reimbursements incurred due to a tenant's violation of the limited lease co-guarantee provisions.
5. Reimbursement Recovery
To qualify for AssuredTenant, tenants must meet specific criteria, including income verification and a clean rental history with no rent loss or damage claims in the last 3 years. Notably, there is no minimum credit score requirement, providing flexibility to applicants, although adherence to approval standards expected in any rental application is essential before approving a new tenant.
6. Tenant Qualifications
AssuredTenant's limited lease co-guarantee will pay you one month's rent and reimburse you for unpaid malicious tenant damage court orders if your tenant violates their lease. Unlike other security deposit providers, AssuredTenant commits to paying the rent amount within 30 days after you confirm the tenant lease violation and verify the rent remains unpaid. Additionally, AssuredTenant ensures swift payment of the unpaid malicious tenant damage court order within 30 days of receiving the court order and you confirm that your tenant has failed to pay.
7. Confirmation and Commitment
AssuredRent's comprehensive total lease co-guarantee pays you unpaid rent, malicous tenant damage court orders, and actual eviction and legal costs This protection guarantees you against unexpected lease violations -triple the sageguard not offered by other rental guarantors.
1. A Total Lease Co-Guarantee
The term of the total lease co-guarantee is flexible, accommodating 12-month leases and month-to-month leases, subject to certain restrictions. Tenants must be in good standing and meet specific qualifications. Landlords pay an agreed percentage of the monthly rent amount to secure AssuredRent's total lease co-guarantee protection.
2. Flexible
This unique total lease co-guarantee stands out for its unmatched reimbursement policy, ensuring property owners exceptional financial security. It covers up to 12 months' unpaid rent for a 1-year lease with a maximum protection of $60,000 or $5,000 monthly rent. AssuredRent guarantees payment of unpaid rent within 30 days of your eviction notice to the tenant and us. Thousands of rental apartments and homes already benefit from this one-of-a-kind protection.
3. Rent Protection
The standout feature of this total lease co-guarantee is we reimburse unpaid court-ordered malicious tenant damage if the tenant fails to pay within 30 days as ordered by court. Please note that AssuredRent only reimburses court-ordered amounts above the first $1,000, and AssuredRent exclusions include normal wear and tear which may be excluded from the court order payment amount.
4. Unpaid Malicious Tenant Damage Protection
The total lease co-guarantee provides a significant advantage with its eviction cost reimbursement, covering up to $1,500 for actual costs and legal fees incurred to make your rental property operational. AssuredRent ensures prompt payment within 30 days of proof of your eviction and legal costs, offering valuable support for effective cost management and minimizing turnovers crucial to your bottom line.
5. Eviction Costs
In case AssuredRent has to pay for any reimbursement, AssuredRent reserves an irrevocable right to collect the reimbursement payments AssuredRent made on your tenant's behalf. You must cooperate in the recovery of the reimbursements incurred due to a tenant's violation of the total lease co-guarantee provisions.
6. Recovery
To qualify for AssuredRent, tenants must meet specific criteria, including income verification and a clean rental history with no rent loss or damage claims in the last 3 years. Notably, there is no minimum credit score requirement, providing flexibility to applicants, although adherence to approval standards expected in any rental application is essential before approving a new tenant.
7. Tenant Qualifications
AssuredRent total lease co-guarantee stands out by covering unpaid rent, unpaid malicious tenant damage court orders, and eviction and legal costs reimbursements if your tenant violates their lease. Unlike other rent guarantors or insurers, AssuredRent commits to paying reimbursement amounts within 30 days after you confirm the tenant's lease violation and provide your tenant and us with an eviction notice.