Your owners get paid on payday, even when the tenant is late.
Your owners are paid in full on payday every month, even when the tenant is late. Spot covers up to three months of lost rent.
On-time rent, guaranteed
A tenant pays $2,000 a month. This month they're late. Your owner is still paid in full, on their payday.
Rent due
Owed to your owner on the 5th
$2,000
Tenant is late
No tenant payment yet
$0
Spot funds you
Into your trust account, same day
+$2,000
Owner paid on time
You pay the owner as always
$2,000
Owner's account
Morgan R. · 412 Chestnut St
Owner payout
From your trust account
Oct 5 · Rent due to owner
$2,000
Oct 5 · Tenant payment
Not in yet
Oct 5 · Spot funds your trust account
+$2,000
Your 8% management fee
−$160
Spot’s 3% guaranteed rent fee
−$60
Net to the owner, on time
$1,780
Tenant's account
412 Chestnut St · rent collection
Rent collection
You collect, Spot is repaid
Oct 1 · Rent due from tenant
$2,000
Through Oct 19 · Unpaid
—
Oct 20 · Tenant pays
+$2,000
Oct 20 · Repays Spot
$2,000
Spot pays your owner on the 5th, then collects from the tenant when they pay on the 20th. If the tenant stops paying, Spot keeps covering the owner for up to three months, and none of the risk is yours.
Income your owners can count on
Paid on payday
Owners get their money on schedule every month, no matter when the tenant pays.
Spot covers the gap
Spot fronts the rent and carries the risk. It runs through your trust account, never your operating account.
Nothing for you to do
It runs in the background through the software you already use.
Guaranteed rent, versus the alternatives
| Spot Guaranteed Rent | Rent-default insurance | Doing nothing | |
|---|---|---|---|
| Owner paid on time, every month | ✓ | After a claim and waiting period | Owner waits |
| Covers late rent, delinquency & eviction | ✓ up to 3 months | Varies, with exclusions | ✗ |
| Starts | Once a tenant is placed | After underwriting | — |
| Cost to you | $0 · you earn 1% | Premiums | — |
| Who brings it to the owner | You, under your brand | The insurer | No one |
Offer your owners rent they can count on
Turn on Guaranteed Rent for your portfolio, or see it in a quick demo first.