5. Jack and Landlords
- 4 years in business
- Serves LaGrange, GA
"Jack and Landlords is the partnership where landlords come, for no out of pocket expense, to attract more tenants, increase retention, and profit tax free.
Our property managers are doing away with security deposits, and instead, adding the cost of the landlord's guarantee to the tenant's rent for the first year. Your guarantee pays the whole monthly rent amount for any tenant damages and default rent payments, thereby, replacing the security deposit. When damages are lower than our guarantee payout, then the profit is tax free to your company.
Your tenants will see a reduction in their second year rent, even with a 4% increase in rent, after your guarantee is paid in full the first year. This gives tenants an incentive to renew a second year and potentially a third year. Third year rent, with another 4% increase, will come to only $30-40 higher than what your tenants were paying the first year with the guarantee premium.
Tenants planning for home purchase see property managers that rent with Jack and Landlords as partners in planning for homeownership. Landlords see Jack and Landlords a profitable way to increase retention and mutually benefit their tenants with no security deposit requirements."