Bonus: This Company Will Pay Your Rent If Your Tenant Stops Paying
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.8 • 836 Ratings
🗓️ 14 May 2026
⏱️ 20 minutes
🧾️ Download transcript
Summary
The challenge for landlords is figuring out how to reduce the risk of a tenant stopping payment or damaging the property.
On this bonus episode, we talk to Jamison Theander from TheGuarantors about how landlords can rent properties faster while reducing risk. Jamison explains how TheGuarantors offers a lease guarantee that will pay the rent if a tenant defaults, at no cost to the landlord.
We talk about what TheGuarantors looks for when approving tenants, how quickly approvals happen, and why this can help landlords feel more comfortable approving applicants they might normally pass on.
We also discuss the different types of coverage available, including protection for missed rent and damage coverage with deposit replacement protection.
Jamison explains why this can provide landlords with significantly more protection than a traditional security deposit, how customizable the coverage is, and what the cost looks like for tenants. If you’ve ever struggled with balancing vacancy, tenant quality, and risk, this episode offers a different way to think about screening and protecting your rentals.
More info:
https://www.theguarantors.com
Thanks To Our Sponsor:
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Transcript
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| 0:00.0 | This is a bonus episode of the rental income podcast. And now, Dan Lay. Every day that a property |
| 0:09.2 | sits vacant, we're losing money as rental property investors. And obviously a great way to |
| 0:15.6 | increase your revenue is to get properties rented quicker. And I think in the past, it made sense to let a property sit until you found that perfect |
| 0:26.0 | tenant. |
| 0:26.5 | But there's a lot of great tenants out there that maybe on paper look marginal or they just |
| 0:31.8 | need someone to give them a chance. |
| 0:34.1 | But as a landlord, you're taking on a lot of risk if you give someone that chance and it doesn't |
| 0:41.1 | work out. But James and I wanted to bring you on this show today because the guarantors let you |
| 0:47.5 | give someone that chance without taking on that risk. Can you explain how it works? |
| 0:57.0 | Absolutely. So the guarantors as a third-party guarantor service, our goal is to mitigate your risk. Not every renter is going to check every |
| 1:02.1 | box, right? We know not everyone's perfect. Some may look perfect on paper. As we go down that rabbit |
| 1:07.6 | hole, we start to unravel some things, learn a little bit more about |
| 1:10.9 | their risk. |
| 1:12.1 | And so if an applicant may be close on credit, maybe they're denied outright. |
| 1:17.0 | They're tighter on income. |
| 1:18.8 | Maybe they have limited rental history. |
| 1:20.3 | Maybe you're not even able to find that information. |
| 1:23.5 | Landlords really want that extra reassurance. |
| 1:26.3 | That's what the guarantors can provide. So we offer a lease |
| 1:29.1 | guarantee. This helps landlords say yes to more applications, allowing their properties to not sit |
| 1:36.4 | vacant and not forego that rental income. So the renter will purchase a lease guarantee. It's a one-time non-refundable fee that protects |
| 1:46.2 | the landlord if the renter doesn't pay their monthly rent or if there are damages. And again, |
... |
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