With Jack and Landlords, you never need a security deposit from tenants to stay protected of default rents and property damages. And best of all, your tenant pays the cost for your protection over 12 equal monthly payments.
The cost is 65% of your tenant's 1st month's rent paid over 12 equal payments. After the twelfth payment, payments drop off and your guarantee stays effective until your tenant terminates their lease. Your guarantee covers up to the full amount of your tenant's 1st month's rent.
Payments are due when you receive your tenant's rent each month. Or, you can have your tenants subscribe to have the guarantee payments drafted directly from their checking account. There is no due date each month.
Good bye to security deposits and hello to more tenants with Jack and Landlords.