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43 Follow Us At: @DSNewsDaily Industry Updates THEGUARANTORS LAUNCHES RENT AND DAMAGE PROTECTION FOR INDEPENDENT LANDLORDS eGuarantors, a fintech firm building smart financial and insurance solutions for renters and landlords, has rolled out its new product platform designed to help protect small- and medium-sized rental property owners. is launch follows the company's announcement that it had raised $50 million in Series C equity funding in April. Amidst considerable economic uncertainty and resulting fears of economic hardship, inde- pendent landlords—who own approximately 22 million rental properties nationwide—are at proportionally greater risk of renter default than institutional real estate operators. Inde- pendent landlords often do not make a profit; one in three regularly report annual losses. With the unveiling of eGuarantors' new product platform, independent landlords can now protect their rental income at no cost to the landlords themselves, addressing the exposure these landlords face, while also providing renters the flexibility of lower move-in costs and the oppor- tunity for greater housing access. e platform will allow independent landlords to access eGuarantors' insurance products and invite their prospective renters to apply in a matter of minutes. In exchange for the renter paying a fee (typically less than one month of rent), eGuarantors issues a Lease Guarantee policy that protects the landlord's rental income against loss due to rent defaults, vacancies, lease breaks, and other common risks. e company also offers a Security Deposit Replacement solution that helps landlords meet changing deposit regulations, eliminate administrative hassles, and attract more renters by offering a deposit alternative that significantly reduces move-in costs—an increasingly com- mon amenity for institutional landlords. Both products provide more protection for landlords at a significantly lower up-front cost to renters than if they were required to provide deposits for equivalent coverage. "Small-scale landlords are integral to the supply of affordable housing. As we expand our offerings to independent landlords, we're eager to meet heightened demand from both property owners and their renters for more security, more options, and more relief to help avoid renter default and distress altogether," said Julien Bon- neville, Founder and CEO of eGuarantors. "Small-scale landlords are more economically vulnerable than institutional operators. It's critical that we extend the same protections to independent landlords so that they, in turn, can extend access and affordability to millions of renters who need comfortable, quality housing."