SCAM #3 SQUATTERS AND SERIAL EVICTEES
THE SCAM
Some individuals move in with no intention of paying rent, often using invalid checks or delayed security deposit payments to gain initial access. Others may illegally occupy vacant properties and attempt to claim squatter’s rights, triggering a lengthy legal process before the landlord can regain possession of the unit.
HOW THEGUARANTORS CAN HELP
These tenants have the potential to impact your rental income the most. Rent and Deposit Coverage can offer landlords protection for up to the full lease term. If a renter stops paying during their lease, TheGuarantors’ Rent Coverage steps in to cover the landlord from missed rent and potential legal expenses. And instead of paying for a traditional security deposit, tenants can pay TheGuarantors directly to secure Deposit Coverage before they move in. This helps landlords avoid accepting a non-sufficient-funds (NSF) check for the security deposit while maintaining financial protection against damages.
Benefit to Landlords Evictions are expensive and time-consuming. Even a single incident can wipe out months of income and tie up a unit in court proceedings. When fraud does occur, TheGuarantors’ coverage can help minimize your losses.
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