USE A CO-SIGNER OR GUARANTOR A co-signer or guarantor can significantly mitigate the risk associated with non-traditional applicants. Typically a family member or close friend with a strong credit history and stable income, this person agrees to take responsibility for the lease if the primary tenant defaults. This adds a layer of security and reassures landlords about the applicant’s reliability. However, not everyone can secure a personal co-signer or guarantor. In these cases, TheGuarantors can step in as the professional solution for a rental applicant who cannot satisfy the landlord’s requirements on their own. TheGuarantors’ Rent Coverage can cover up to the value of the entire lease if the resident defaults on their rent. Once the tenant moves out, is evicted, or the lease ends, the landlord can file a claim with the company to be reimbursed. Tenants are still responsible for repaying any amounts covered by TheGuarantors, maintaining their lease obligations. ACCEPT INTERNATIONAL DOCUMENTS For international applicants without an SSN, consider accepting alternative identification documents: To enroll your property for free and begin referring applicants to get coverage you can visit https://www.theguarantors.com/enroll- property. Passport and Visa: A valid passport and visa can serve as reliable identification. ITIN: An Individual Taxpayer Identification Number (ITIN) can sometimes be used in place of an SSN. This number is issued by the IRS to individuals who need to file taxes but do not have an SSN and can be a valuable tool in verifying an applicant’s identity. If the applicant has established credit history using and ITIN you can still pull a full credit and background check.
PAGE 20
Powered by FlippingBook