Guest Security
- By replacing a Guest's Security deposit with a non-refundable fee to cover
accidental damage; you are increasing your value to your Guests. Guests will have protection
for amounts substantially higher than a typical security deposit; giving them more spending power.
Your Guest will have Peace of Mind that an accidental damage incident will be covered.
Home Owner Security
- Your home owners will also benefit from this as some policies can cover
up to $10,000 in protection; much more than an average security deposit. By offering this fully
integrated program, you are increasing your value to your Home Owners.
Reduce Overhead
- Take yourself out of the process of accepting refundable deposits, processing
deposits and arguing with Guests over the amount withheld. In some cases you can make the
non-refundable fee mandatory, forcing the Guests to have coverage. RealTimeRental computes the
amount of insurance (typically a flat dollar amount with coverage amount varying by property)
and allocates the appropriate amount to both you and the insurance company via our fully
integrated Trust Accounting solution.
Additional Revenue
- In addition to protecting your guests you also can Increase Your Revenue by selling Damage
Insurance with an average of a $45 dollar premium and 50% commission; you also save on
processing security deposits both in and out!
Your revenue could be the following:
-
500 Leases
-
$45 Average Fee
-
70% take up rate
Total Commission to you = $7,875!!
In the above scenario, you'll also save an average of $700 annually in processing Security Deposit
Returns!
RealTimeRental Vacation and Property Management software's fully integrated Damage Insurance
feature more than pays for the cost of the software!
