Benefits of Padder Guarantor for Landlords
Padder Guarantor helps landlords qualify more tenants, reduce financial risk, and accelerate lease-ups with no cost to property owners.
Benefits of Padder Guarantor for Landlords
1. Guaranteed Rent Protection
- Receive up to 12 months of rent coverage in the event of tenant default.
- Protection includes missed rent, lease breaks, holdover periods, and vacancy loss while re-leasing.
- Ensures stable cash flow and minimizes financial risk.
2. Qualify More Applicants
- Approve renters who would normally be declined, including:
- Students
- New immigrants
- Self-employed or gig workers
- Foreign nationals
- Expands your renter pool without compromising on financial security.
3. Faster Lease-Ups
- By removing guarantor and deposit friction, Padder accelerates leasing velocity—reducing days on market.
- Leads to fewer vacant units and improved portfolio performance.
4. Reduce Bad Debt
- Landlords report up to a 50% reduction in bad debt, as Padder covers rent loss and pursues tenant repayment directly.
- You no longer need to rely on collections or small claims court.
5. No Cost to Landlords
- The program is fully tenant-funded—landlords pay nothing.
- Tenants pay fee to secure coverage, so landlords benefit with zero overhead.
6. Streamlined Leasing Operations
- Eliminates the need for tenants to source personal guarantors or pay high upfront deposits.
- All application, screening, and quote issuance happens digitally, reducing administrative time for leasing staff.
7. Quick & Easy Claims
- Claims are submitted online and typically paid within 2–5 business days after possession is regained.
- Padder handles tenant repayment and debt recovery, saving landlord teams significant time and legal hassle.
8. Improves NOI & KPIs
- By increasing lease conversions and reducing delinquency/vacancy, Padder improves:
- Net Operating Income (NOI)
- Occupancy rates
- Bad debt expense
- Lease-to-move-in cycle times
9. ESG & Marketing Advantage
- Padder’s tenant-friendly model supports affordability and inclusion.
- "Deposit-free" or "guarantor-included" listings attract more leads and help properties stand out.