This is a bonus episode of the rental income podcast. And now, Dan Lay. Most landlords take a one-month

security deposit, which normally works out great as long as your tenant pays rent and doesn't cause

much damage. But if you have a tenant that doesn't pay rent for a few months or does a lot of damage to the property,

we as landlords can be out thousands of dollars.

And Frank, I wanted to bring you on this show today because the guarantors has a solution for this.

Can you explain to me what the guarantors does?

Absolutely, Dan. First off, thanks for having me on.

At a high level, what the guarantors does is we take on a risk. We're a risk mitigation platform. So we step in to provide much more coverage for you in case those future defaults happen.

Those future defaults can definitely be deposit related,

but what we really protect you from is unpaid rent from the renter. So it's nice having

a third part of guarantor company to come in and protect you for those really unfortunate

circumstances that knock on wood, hopefully we don't deal with, but sometimes we do. Instead of

taking a security deposit, your tenant would buy you an insurance policy,

and that policy would protect you if your tenant didn't pay rent or did damage to the property

and you're unable to collect from them.

You would just file an insurance claim to get the money erode.

It's a really unique program. And on the show today,

we're going to talk about how this works. Before we get into the show, I just want to point out that

the guarantors is a sponsor of the podcast. I'm also a customer. I've been using the guarantors

for a couple of years. It's worked out great for me. And on the show today, I'll talk about my experience,

as well as get some more details on how this works. Joining us on the show today from the

guarantors is Frank Jeketa. We'll take a quick break to thank our sponsors. We'll come right

...