NEW YORK, Aug. 8, 2018 /PRNewswire/ -- TheGuarantors, a leading insurtech provider for the rental market, today announced an exclusive partnership with top real estate brokerage Bold New York. The partnership will make renting faster and easier for Bold New York clients.
Effective today, tenants and property managers working with Bold New York, which represents more than 15,000 apartments in New York City, will have access to TheGuarantors' full product suite, including:
- Lease Guarantee – Guarantees rent payments, allowing landlords to accept more tenants at no risk. This speeds up leasing velocity, drives down vacancy, and increases the ROI on advertising spending.
- Security Deposit Replacement – Lowers upfront moving costs by replacing expensive security deposits with a substantially lower one-time fee and reduces landlord's administrative burden of managing cash deposits.
- Renters Insurance Compliance – Software makes it easy to maximize compliance with a landlord's renters insurance requirements. This optimizes renter liability coverage at move-in.
"TheGuarantors' innovative technology allows landlords and property managers to mitigate tenant risks associated with leasing and operations, which enables them to close deals faster, while at the same time reducing their administrative burden and operations hassles, " said Julien Bonneville, founder and CEO of TheGuarantors. "Bold New York works with many of New York's top property managers, owners, and developers and we're excited to help tenants find and move into their apartments."
Bold New York is a full-service real estate consulting and brokerage firm representing apartments throughout the five boroughs of New York City. They build life-long relationships with many of New York's top property managers, owners, and developers through their own innovations in proprietary technology combined with their passionate and personable agents.
"We're very excited to start providing the high level of service and convenience offered by TheGuarantors to our clients," said Jordan Sachs, CEO, Bold New York. "As of today, tenants renting through Bold New York will have access to TheGuarantors deep real estate experience, knowledge of the New York market, and best in class technology."
As of July 2018, TheGuarantors offerings are available in more than 175,000 rental units and the number is expected to grow to 200,000 by October. The company has guaranteed over $100 million in total rent. For more information please reach out to [email protected] or visit theguarantors.com.
TheGuarantors is an insurtech startup aimed at improving tenant-landlord relationships through innovations in product development and delivery. In 2016, the company launched its residential lease guarantee business focused on helping qualified renters secure apartments. The company has since guaranteed over $100 million in rent. In 2018, TheGuarantors launched residential security deposit replacement and rental insurance offerings, adding to their suite of products designed to help landlords further reduce risk when finding tenants.
About Bold NY
Bold NY is a full-service real estate consulting and brokerage firm delivering made to-measure services in a fun and forward-thinking way. Founded in 2010 by two young entrepreneurs, Bold NY is an expert in the project-based, luxury leasing & sales market. The firm facilitates a user-friendly, reliable and safe process of buying, selling, or renting a home through its digital platform and its passionate agents. Represent more than 15,000 apartments in New York City, Bold NY is defining the future of real estate leasing, sales, and new development marketing.