As a landlord, you have now found your tenant and already excited about collecting rent on time every month! But what if your tenant does not pay you rent on time and ghost you later on? What do you do then?

What is Rental Default Guarantee?

We know you are worried about your tenants running away and defaulting on rent. Therefore, we designed this guarantee which gives you one month worth of rent as compensation when your tenants run away or defaults on the rental payment. This also means that Instahome is incentivized to find you the best tenant.

Why does Instahome do this?

These guarantees are designed to give you a peace of mind from tenant's late rental payment or tenant default. We want to find you good quality tenants. Therefore, we check and vet every single one of our tenants before accepting and recommending them to you. We put the tenants through an extensive credit scoring process, checking their CTOS reports, CCRIS reports and even psychometric data based on how they interact with our platform.

Since launch, we have rejected 20% of all tenants that have asked to rent a property with us because their profile does not match the standard we believe you deserve.

Why does Instahome do this?

These guarantees are designed to give you a peace of mind from tenant's late rental payment or tenant default. We want to find you good quality tenants. Therefore, we check and vet every single one of our tenants before accepting and recommending them to you. We put the tenants through an extensive credit scoring process, checking their CTOS reports, CCRIS reports and even psychometric data based on how they interact with our platform.

Since launch, we have rejected 20% of all tenants that have asked to rent a property with us because their profile does not match the standard we believe you deserve.

How much does this service cost?

The cost to enjoy this service together with the Rental Default Guarantee is 5% of your monthly rent. This fee will be deducted from the tenant's monthly rent before you receive the rent. No extra effort required on your end!

Learn more now.

We hope this simple blog post helped to answer your questions.

If you have any more queries, do check the links below or talk to us here.

Rental On Time Guarantee? (ROTG)

Rental Default Guarantee (RDG) vs Rental On Time Guarantee (ROTG)