All Forum Posts by: Calvin Brock

Thank Debbie.  Your info is useful.

Thanks 

Really appreciate the responses, but the three answers I'm in need of are:

1.  Percentage of tenants that cause damages or leave the place dirty to cause them to not get back some or all of their deposit?

2.  Your turnover rate?

3.  You have apartments or single family?

Thanks Christine. Not the percentage of money you deduct, but the percentage of tenants that leave damages? What is your turnover rate? Is it apartments or SFR?

I'm curious to know for my business model.  What is your turnover rate and the percentage of tenants that leave damages to cause you to not return all of the security deposit?

I agree.  What is your take on a company like mine with such a business model?  My company is just hitting the market strong though we've been operating since 2014.  I'm asking for your take on my company.  Thanks

26% of tenants cause damages that require landlords to keep part or all of the security deposit. Because we discount invoices 50%, as an advance claim payment, to allow companies to keep 50% of the revenue, a company is covered for 32.5% of tenants that may cause damages.  Companies profit any excess revenue of tenant damages.

Jack and Landlords contracts with companies in guaranteeing a month's rent amount. Instead of leasing with a security deposit, the landlord's tenants will pay the non-refundable cost of the landlord's third-party guarantee, 65% of a month's rent, on top of their rent each month to their landlord.  The landlord then pays its 50% discounted invoice via its Jack and Landlords' portal at the end of each month.

Take the sum of 65% of a month's rent of all the units in your portfolio divided by 2. Do the math and your revenue covers beyond tenant damages and allows your company to profit revenue tax-free. Or, your company's revenue each month can be used at its discretion. Our guarantees are paid in 1/12 payments and paid in full at the end of 12 months. Tenants are happy to not pay the security deposit that they've saved up. Plus, tenants are given a 35% discount off, a would have been, a security deposit that's equal to a month's rent.

Increase your company's retention. Our guarantees are paid in 1/12 payments and paid in full at the end of 12 months. All guarantees stay in place and effective throughout all tenant renewal years. Because tenants will no longer have guarantee premiums when renewing, your company's retention will increase. Whether rent stays the same or increases by 4%, tenants will have a lower monthly payment when they renew, thereby, increasing retention.

What do landlords think of this new law?

https://www.multifamilyexecutive.com/property-management/cincinnati-legislation-gives-renters-a-choice-in-security-deposits_o

Our clients are large portfolio investors of apartments and SFR's in the 200-1000's plus unit range. We can start the process if your portfolio is in our range. And if so, our process is different, as in, we create capital for companies ongoing organically. Here is how.

Take the sum of 65% of a month's rent of all the units in your portfolio divided by 2. This amount is your company's working capital without having to borrow or use investor capital. And unlike loans, this working capital is every year with turnover.

We become your 50/50 partner in helping your company grow. Jack and Landlords will contract with your company in guaranteeing a month's rent amount. Instead of leasing with a security deposit, your tenants will pay the non-refundable cost of your third party guarantee, 65% of a month's rent, on top of their rent each month to your company. Our guarantees are paid in 1/12 payments and paid in full at the end of 12 months. Your company then pays its 50% discounted invoice via its Jack and Landlords' portal at the end of each month. Tenants are happy to not pay the security deposit that they've saved up. Plus, tenants are given a 35% discount off, a would have been, a security deposit that's equal to a month's rent.

As previously stated, our invoices are discounted 50%, as an advanced claim payment, thereby, leaving your company 50% of the revenue to manage at its discretion. Do the math and your revenue covers beyond tenant damages and allows your company to profit revenue tax-free. Or, your company's revenue each month can be used at its discretion.

Increase your company's retention. Our guarantees are paid in 1/12 payments and paid in full at the end of 12 months. All guarantees stay in place and effective throughout all tenant renewal years. Because tenants will no longer have guarantee premiums when renewing, your company's retention will increase. Whether rent stays the same or increases by 4%, tenants will have a lower monthly payment when they renew, thereby, increasing retention.

We are the fiduciary way to lease for company growth and investor returns. The one change of leasing with Jack and Landlords', instead of security deposits, is too beneficial to pass up for your company growth and investors.

We do not accept commercial office, retail, and industrial investors. We only accept multi and single-family residential portfolio investors! Thank you.

I'm interested in knowing what is a good cap rate?

If you are a holder of a portfolio of multi-family apartment/condo units and/or single-family residential properties, then there is no need to borrow to get capital.