2. Offer Rhino Of course offering Rhino at the time of lease renewal is another great incentive. Rhino’s security deposit insurance makes renting deposit-free, and more affordable for your renters. But how does it work with a renter renews? Renters buy an affordable insurance policy instead...
I do think though you are paying an awful lot of fees for the 15% slice of RICA that does something useful. RICA still has a positive asset correlation with equities (no surprise given it’s 50% of the fund). You are going to need a large chunk of it ...
Krauss responds that the company works with “Class A” properties where the renters have the money for a cash deposit, but they use Rhino anyway because “we have an algorithm to give them a price, if you are a well-to-do renter, the price on a $1,000 policy is going to be...