For small landlords, ensuring consistent rental income is paramount. Late payments or defaults can significantly impact financial stability. Nomad's Guaranteed Rent program offers a solution, providing landlords with predictable income and peace of mind.

The Risk: Late Payments as a Predictor

Recent data indicates that tenants who pay late even once during their lease are 6.4 times more likely to have unpaid rent by the end of their lease or face eviction. This statistic underscores the importance of great tenant screening and the need for downside protection.

The Solution: Nomad's Guaranteed Rent Program

Nomad's program is designed to address these challenges head-on:

• Tenant Screening: Comprehensive screening processes evaluate income, credit history, and background to ensure reliable tenants.

• On-Time Payments: Landlords receive full rent payments on the 5th of each month, regardless of tenant payment status.

• Rent Guarantee: In cases of tenant default, Nomad covers up to three months of rent:

• Eviction Support: If eviction becomes necessary, Nomad provides up to $5,000 toward legal fees.

Double the Protection

With Nomad, landlords benefit from dual safeguards:

1. Consistent Monthly Income: Guaranteed payments ensure financial stability.

2. Risk Mitigation: Coverage for potential unpaid reduces your ultimate downside loses

Conclusion

In the unpredictable world of property rentals, Nomad's Guaranteed Rent program offers small landlords a reliable safety net, ensuring both consistent income and protection against potential tenant-related risks.

For more details on how Nomad can support your rental endeavors, visit Nomad's Guaranteed Rent Program.