You get graded on days vacant, lead-to-lease conversion and bad debt as a share of GPR. All three are decided at the same moment: the application. A verified applicant whose rent obligation is backed converts faster and defaults less.
The obligation behind an approved lease is backed for its full term. A month that goes unpaid stops being a hole in the rent roll and becomes a documented claim.
The 1099 earner with no pay stub and the new arrival with no US credit file become approvable on evidence, without your risk bar moving a millimeter.
The average operator writes off $4.2 million a year, and about a quarter of that traces back to fraud. Protection replaces the collections chase.
Rent Protection starts at $399, paid once and carried through the entire lease term. That covers rents up to $2,000 a month; above that, pricing varies.
The operator view, not the tenant view: unit setup, screening, approval with the rent backed, and the KPIs you track afterward.
Read moreNineteen people apply for each vacant Miami unit. Your ceiling is not traffic, it is how many of those files can clear.
Read moreThe average operator writes off $4.2 million a year. A quarter of it is fraud. Almost all of it is unrecoverable rent.
Read moreMiami averages 33 days of vacancy at roughly $92 a day. Deciding faster on more applicants is the cheapest lever you have.
Read more93.3% of operators were hit last year, and Florida is one of the three worst states. Fraud is the baseline now.
Read moreProgram definition, unit onboarding, leasing team training and measurement. Decide it at the building level so the numbers mean something.
Read moreCredit file, pay stub and the 3x rule, against a verified applicant whose rent obligation is backed. Four rows that decide your year.
Read moreWhich applications are approved, which are pending, which units are backed. In one place, without chasing three people for an answer.
Read moreOpen your account in minutes, or write to us first. No commitment, no bureaucracy, no favors to ask anyone. Just a straight answer about what Grenty does for you.
Talk to our team →No. Your criteria stay yours. Grenty verifies identity and income and sits on top of the screening you already run. Nothing here forces you to approve an applicant you would have declined.
Either side. On some deals the resident pays it as part of getting approved, on others the property absorbs it as a leasing cost. The price does not change: from $399, one payment, for the entire lease term.
No. Start where it hurts most: the assets with the worst days vacant or the heaviest delinquency. Keep a comparable building as your control group and let ninety days of numbers make the argument for the rest.
You run your normal delinquency process. What changes is where the money lands: unrecovered rent becomes a documented claim with a defined path instead of a line you write off and explain to ownership at quarter end.