Owner Protection Package

THE PROBLEM

• 
  MORTGAGE, INSURANCE, AND HOA BILLS ARE DUE ON THE 1ST
• 
  RENT IS NOT ALWAYS PAID ON TIME
• 
  EVEN QUALITY TENANTS FACE UNEXPECTED LIFE EVENTS
• 
  RENT DELAYS CREATE CASH-FLOW GAPS
• 
  OWNERS OFTEN COVER COSTS OUT OF POCKET

THE SOLUTION

• 
  RENT ADVANCED ON THE 1ST EVERY MONTH
• 
  Less stress. No more staying up at night worrying when the cash will come in.
• 
  NO MORE ACTING LIKE THE BANK
• 
  CONSISTENT, RELIABLE CASH FLOW

WHY IT MATTERS

• 
  YOU AVOID MONTHLY BILL JUGGLING WHEN RENT COMES IN LATE.
• 
  YOU STOP COVERING SURPRISE GAPS OUT OF POCKET.
• 
  YOU GET PREDICTABLE CASH FLOW YOU CAN ACTUALLY PLAN AROUND.
• 
  BECAUSE WAITING UNTIL THE 10TH OF THE MONTH OR LATER-TO RECEIVE RENT IS STRESSFUL. YOUR PEACE OF MIND IS OF UTMOST IMPORTANCE.

PROGRAM REQUIREMENTS & RULES

• 
  NET PAYMENT IS ADVANCED, MEANING ANY OUTSTANDING VENDOR BILLS MUST BE RECONCILED FIRST.
• 
  RENT IS ADVANCED ONLY WHEN A TENANT IS MOVED IN AND THE LEASE IS FULLY SIGNED.
• 
  WE ADVANCE ONE MONTH AT A TIME, SO EVERYTHING STAYS SIMPLE AND CONTROLLED.
• 
  TENANTS MUST HAVE AT LEAST ONE MONTH OF SECURITY COVERAGE ON FILE. PMI MetroBay placed tenants already meet this.

IF A TENANT FAILS TO PAY

After the eviction IS COMPLETE, PMI MetroBay RECOVERS THE ADVANCED RENT FROM THE SECURITY DEPOSIT OR BOND BEFORE APPLYING ANY REMAINING FUNDS TOWARD DAMAGES OR REPAIRS.

FAQs

• DOES THIS CHANGE THE TENANT'S EXPERIENCE?

  NO. TENANTS PAY NORMALLY THROUGH THE PORTAL.

• IS THIS A LOAN TO ME?

  NO. IT IS A RENT ADVANCE SYSTEM INTEGRATED INTO PROPERTY MANAGEMENT OPERATIONS.

• WHAT IF THE TENANT PAYS LATE?

  YOU ARE ALREADY PAID ON THE 1ST. THE TENANT'S PAYMENT RECONCILES THE ADVANCE AUTOMATICALLY.

• IS THERE A CONTRACT TERM?

  IT IS PART OF YOUR OWNER PROTECTION PACKAGE AND CAN BE CANCELED PER YOUR MANAGEMENT AGREEMENT.

THE REALITY

• 
  SLIP-AND-FALLS, INJURIES, AND ACCIDENTS HAPPEN ON RENTAL PROPERTIES
• 
  MOST OWNERS DON'T EXPECT A LAWSUIT UNTIL IT HAPPENS
• 
  ONE CLAIM CAN THREATEN EQUITY, SAVINGS, AND PEACE OF MIND

THE PROTECTION

• 
  UP TO $1,000,000 LIABILITY PROTECTION THROUGH Surevestor
• 
  DESIGNED SPECIFICALLY FOR RENTAL PROPERTIES
• 
  PROTECTS BOTH YOU AND PMI MetroBay IF A CLAIM IS FILED

WHY IT MATTERS

• 
  STANDARD HOMEOWNER INSURANCE MAY NOT FULLY COVER RENTALS
• 
  COVERAGE GAPS AND HIGH DEDUCTIBLES CAN LEAVE OWNERS EXPOSED
• 
  PURPOSE-BUILT PROTECTION FOR REAL ESTATE INVESTORS

PET-FRIENDLY ADVANTAGE

• 
  INCLUDES PET BITE LIABILITY COVERAGE
• 
  NO DEDUCTIBLE ON PET-RELATED CLAIMS
• 
  SUPPORTS PET-FRIENDLY RENTALS WITH ADDED PROTECTION

HOW IT WORKS

• 
  AUTOMATICALLY INCLUDED WITH THE OWNER PROTECTION PACKAGE
• 
  ENROLLED IN THE Surevestor MASTER GENERAL LIABILITY PROGRAM
• 
  COVERAGE APPLIES DURING TENANCY AND PROPERTY MANAGEMENT

FAQs

• IS THIS HOMEOWNERS INSURANCE?

  NO. THIS IS LIABILITY PROTECTION DESIGNED SPECIFICALLY FOR RENTAL OPERATIONS.

• WHO IS COVERED?

  YOU AS THE OWNER AND PMI MetroBay.

• DOES THIS REPLACE MY DWELLING POLICY?

  NO. YOU STILL MAINTAIN PROPERTY INSURANCE FOR THE STRUCTURE.

• IS THERE A DEDUCTIBLE?

  THIS POLICY HAS NO DEDUCTIBLES FOR PET BITS OR OTHER WISE.

• IS THIS OPTIONAL?

  IT IS INCLUDED WHEN YOU ENROLL IN THE OWNER PROTECTION PACKAGE.

THE PROBLEM

At PMI MetroBay, WE CAREFULLY SCREEN RESIDENTS, BUT LIFE CAN BE UNPREDICTABLE.

UNEXPECTED SITUATIONS SUCH AS:

• 
  JOB LOSS
• 
  ILLNESS
• 
  FAMILY EMERGENCIES
• 
  SUDDEN FINANCIAL HARDSHIP

THE PROTECTION

IF A SCREENED TENANT PLACED BY PMI MetroBay MUST BE EVICTED, WE STEP IN.

PMI MetroBay COVERS:

• 
  EVICTION PROCESS MANAGEMENT
• 
  LEGAL AND COURT-RELATED EVICTION COSTS
• 
  COVERAGE UP TO $2,000

WHY IT MATTERS

• 
  EVICTIONS ARE RARE IN OUR PORTFOLIO
• 
  BUT WHEN THEY HAPPEN, THEY ARE COSTLY AND DISRUPTIVE
• 
  THIS PROGRAM TURNS A WORST-CASE SCENARIO INTO A CONTROLLED AND PREDICTABLE OUTCOME

HOW IT WORKS

• 
  PMI MetroBay COORDINATES THE EVICTION PROCESS
• 
  WE WORK WITH A LOCAL LANDLORD-LAW ATTORNEY who has over 30 years experience.
• 
  MOST EVICTIONS ARE RESOLVED WITHIN 30 DAYS

PROGRAM CONDITIONS

• 
  OWNER PROTECTION PLAN REQUIRED
• 
  NEW TENANTS: IMMEDIATE COVERAGE
• 
  EXISTING TENANTS: COVERED AFTER 7 MONTHS
• 
  LOST RENT, DAMAGES & TENANT PENALTIES NOT COVERED

FAQs

• WHAT COSTS ARE COVERED?

  EVICTION FILING AND LEGAL COSTS UP TO $2,000.

• HOW LONG DOES AN EVICTION USUALLY TAKE?

  IN MOST CASES, UNDER 30 DAYS.

• WHO MANAGES THE PROCESS?

  PMI MetroBay WORKS WITH A LOCAL LANDLORD-LAW ATTORNEY FAMILIAR WITH OUR HOUSING COURTS.

• DOES THIS CHANGE HOW TENANTS ARE SCREENED?

  NO. SCREENING REMAINS RIGOROUS AND UNCHANGED.

• IS THIS INSURANCE?

  NO. IT IS A PROTECTION PROGRAM ADMINISTERED BY PMI MetroBay