RentCertain for Rental Agencies
- Close more deals~larger pool of qualified renters
- In less time~screening EZ pass
With RentCertain . . .
- Give your clients a path of least resistance to an apartment
- Minimize the intrusiveness of the screening process
- Eliminate the need for a Guarantor.
- Overcome lack of established credit or income.
- Perfect for students, internationals, self-employed, and anyone with the liquid assets to escrow their full term rent
How It Works
- When applying, the tenant agrees to set aside all the rent needed for the period of their tenancy.
We have a form for that: Declaration of Escrow.
- When approved, they are prompted to e-sign an Escrow Agreement and wire funds.
- The Escrow Agent pays their rent directly to the Landlord.
Print Declaration of Escrow
Agent FAQs
RentCertain is a streamlined service that allows tenants to escrow their term rent balance. For tenants, this gives them the ability to demonstrate beyond a doubt their ability to pay their rent. In turn, landlords lessen requirements of income information and documentation.
Those individuals for whom the traditional rental screening process (demonstrating income as a multiple of rent) is not indicative of their true ability to pay; such as foreign nationals, international students, newly employed, self-employed, heirs etc, as well as those individuals who rather unburden the screening process by reducing document requirements and maintaining privacy.
When a tenant applies to rent an apartment he simply agrees to escrow his term rent balance. We have a form for that. It’s called a Declaration of Escrow
When the application is approved (subject to escrowing the term rent balance) the property owner/manager enters rental information on our site, the tenant is prompted by email to e-sign an Escrow Agreement and provided with wiring instructions to fund his escrow account. Monthly rent payments are sent to the property owner/manager by paper check or by EFT.
No. Any renter can use it. There are no requirements and no underwriting process.
No. Decisions of approving or denying an application rests solely with the property owner/manager. There are many factors on which a decision can be based; including criminal record etc
Prospective tenants that use RentCertain will pass the income requirement part of the application.
RentCertain charges the tenant a fee if and only if he/she is approved and the lease is executed. The flat fee is $1000. There is no charge to the landlord.
NO. RentCertain is designed with an emphasis to assist non US residents. The fact that we require no financial documents is well suited for international students and those foreign nationals doing business in the US
Yes. RentCertain is a perfect solution for those prospective tenants that are credit-challenged.
No. the default setup is that he does not earn interest. It was structured this way because interest rates are very low and interest earned brings reporting requirements, which most prospective tenants would prefer to avoid.
We have partnered with a most reputable company to provide the escrow service. The escrow agent is bonded and secured.