Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Off Topic
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

30
Posts
17
Votes
Samir Goel
  • Real Estate Agent
  • New York, NY
17
Votes |
30
Posts

Using HelloRented as Guarantor

Samir Goel
  • Real Estate Agent
  • New York, NY
Posted

Hi BiggerPockets. I'm in the midst of exploring using a service called HelloRented (https://www.hellorented.com/) to be a guarantor as I take on 1-2 leases on apartments in NYC. Do any of you have experience with them? They provide the following services:

1. Will serve as guarantor in exchange for ~1 month of rent and will have their guarentee backed by insurance company in case of default

2. Will provide security deposit for monthly fee 

Let me know your thoughts on this and whether it's worth doing? I recently left my job to work full time on my own start up so providing bank statements / consistent income is a challenge. Goal is to find a 2-3 bedroom and airbnb out 1 or 2 rooms to cover all or majority of total rent while I'm bootstrapping. I'm new to this space so just trying to learn as much as possible as well and as I have more liquidity make some more significant estate investments 

Thank you!

Most Popular Reply

User Stats

1
Posts
1
Votes
Replied

Did you end up using hellorented.com services? I want to try them, but I can't find any reviews on them, makes me leary. Please provide any helpful information, much appreciated. 

Loading replies...