FF118 Skip the Deposit: Unlock the Power of Worry Free Waiver | The Landlord Diaries Podcast

Introduction

• Guest: Jackie Wolf, Director of Sales at Waivo
• Topic: Benefits of Furnished Finder's Worry Free Waiver
• Audience: Midterm rental (MTR) hosts

Key Points

• Objective: Provide an innovative security deposit alternative to protect properties and keep tenants happy.
• Market Edge: Partnership with Waivo eliminates traditional security deposits, simplifies claims, and ensures fast payouts.

Benefits for MTR Hosts

• Damage Protection: Zero tenant involvement, simplified claims.
• Coverage Options: Ranges from $1,000 to $3,500 for different damages including property, pet, and lease termination.
• Waiver vs. Insurance: Understanding what's covered under the waiver.
• Claims Process: Fast payouts in just 3-4 business days.

Presentation to Tenants

• Cost Reduction: Helps reduce tenants' move-in costs.
• Waiver Plans: Options available through Furnished Finder.

Detailed Discussion

Worry Free Waiver and Waivo Partnership

• Waiver as an Alternative: Security deposit alternative without tenant involvement.
• Mindset Shift: From cost of business to peace of mind.

Coverage Details

• Beyond Normal Wear & Tear: Coverage for unexpected tenant damages.
• Exclusions: Excludes visual damage that can be captured in a photo.

Waiver Implementation

• Purchase Process: How to get the waiver from Furnished Finder.
• Claims Submission: 14-day window post tenant checkout; photo of damage required.

Tenant Interaction

• Non-involvement: Tenants are not contacted during the claim process.

Additional Information

• Room Rentals and Extended Stays: Coverage is available.
• 30-day Minimum: Waiver requires a minimum stay period.

FAQs and Q&A

• Claim Minimum: $50 with no deductible.
• Coverage for Cleaning Costs: Discussed in the Q&A.
• Exterior Coverage: Clarification provided.

Conclusion

• Furnishing Finder's Advantage: List properties with no booking fees.
• Contact: Hosts can text with questions or comments.

This podcast episode is a valuable resource for MTR hosts looking to enhance their rental offerings with the Worry Free Waiver, providing a competitive edge and increased peace of mind.