LeaseLock Launches a Risk Management Alliance
July 09 2024 - 3:12PM
Business Wire
The nation’s first, comprehensive, integrated
suite of best-in-class risk management solutions for rental
housing
LeaseLock, the nation’s unmatched provider of lease insurance
for rental housing, has established a Risk Management Alliance with
Aptly, ResidentRadius and Get Covered, to provide the industry’s
first best-in-class, fully integrated suite for risk
management.
By design, deposits guarantee substantial income loss and risk
for rental housing. LeaseLock replaces deposits, removing barriers
to housing and the hassle of deposit management, while offsetting
inevitable write offs. LeaseLock clients improve cash flow,
neutralize bad debt, and increase investor returns, all while
satisfying renter expectations. Renters with and without
affordability concerns choose Zero Deposit™.
Aptly has pioneered the most advanced fraud detection available,
including real-time multi-source identity and income verification,
delivering a screening suite that produces rapid and reliable
leasing outcomes. Aptly’s modern workflows automate and accelerate
application, screening and lease completion, providing renters with
every benefit to gain housing.
ResidentRadius Deposit Cloud fully removes all deposit burden
and compliance challenges by handling deposit administration and
cash management. With Deposit Cloud, renters seamlessly enroll in
Zero Deposit™, choosing a reasonable monthly payment over costly
upfront deposits. By offering the options renters need and want,
properties increase lead conversion while being protected from
unpaid balances at move-out.
Get Covered offers a broad range of services, including renters’
insurance, pet insurance, and proprietary technology to ensure 100%
compliance throughout a portfolio. Gap coverage automatically
enrolls renters, removing administrative headaches for onsite teams
and protecting properties from notable risk.
“LeaseLock and our strategic partners have established a
distinctive risk management alliance, to deliver a seamless
experience for renters, operators and investors of rental housing,”
said Janine Steiner Jovanovic, CEO of LeaseLock. “The industry is
tired of cobbling together programs that are falling short.
Together, our premier solutions offer an integrated experience
designed to produce the results the industry deserves.”
About LeaseLock
LeaseLock is the leading insurance technology provider for
rental housing. Our AI powered underwriting, LeaseLock Shield™,
predicts risk and optimizes coverage for each property and
portfolio. Investors and operators gain smarter loss protection
while accelerating leasing and minimizing regulatory and legal
risk. With over $10 billion in leases insured, LeaseLock is
reshaping the way properties manage financial risk while delivering
significant benefits to renters. As an accredited GRESB partner,
LeaseLock is dedicated to improving housing accessibility by
removing financial barriers for renters while protecting against
the risk of bad debt. Learn more at www.leaselock.com.
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Julie Ratcliff 972.365.8147 julie.ratcliff@hck2.com