Investing in real estate can be a great way to build wealth, but managing a rental property can also be a significant hassle. Dealing with tenants, maintenance issues, and unexpected vacancies can take time and energy. That's where Doorstead comes in, with a unique rent guarantee product that can make being a landlord stress-free and profitable. We're proud to offer our guarantee contract, which ensures that your property is always rented, or we'll cover the rent.
In this testimonial piece, two of our recent guarantee contract homeowners, Summer and Prasenjit, share their success stories and how Doorstead's rent guarantee has given them peace of mind.
Summer is a pharmacist who designed and oversaw the construction of her dream condo in Southern California, only to have her job relocate her to a new city. She didn't want to sell her property, but managing it from a distance while working seemed daunting. That's when her boyfriend recommended Doorstead, and she was impressed by the company's unique guarantee based on the property's market value.
From the start, Summer describes her experience with Doorstead as stellar. She appreciated the prompt and professional communication from her Doorstead representative, who answered all her questions within one to two days.
"I can't believe this was this easy - you essentially have to put in your bank account, and they send you emails when your rent deposits are coming. Everything that was stated in the emails happened accordingly. The whole process has been clear and coherent, overall just super great property management."
The rent-ready process, which involved some initial frustration for Summer as Doorstead required certain cleaning and maintenance tasks and recommended using a third-party vendor, ultimately proved to be a positive experience. Summer realized that Doorstead's high standards attracted high-quality tenants willing to pay more for a well-maintained property.
The best part? Doorstead's rent offer was higher than the listing price for similar homes in the area, which meant that Summer was not only getting her mortgage paid but also making a monthly profit. This unexpected income allowed her to save and purchase another rental property, a huge milestone.
"My first listing experience was with Doorstead, and it's been such a positive experience. It's been life-enriching for me, and I couldn't be more thankful."
With Doorstead's guarantee contract, Summer no longer worries about selling her dream home when temporarily relocating for work or taking on the role of a property manager while working. Instead, guaranteed rent is helping make Summer's transition to a rental homeowner easy, profitable, and a dream come true.
Prasenjit, a new homeowner in the Bay Area, had a similar experience with Doorstead. As a busy software engineering director, he needed a bigger house to work separately from his living room.
"I want a team to handle everything. They have their specialized expertise, and I have my expertise in my own field. I don't want to manage my property myself; I want to let Doorstead handle it because they are the experts and they've done a great job."
He didn't want to deal with the hassle of turning his old home into a rental property but didn't want to sell it. Doorstead's guarantee service was the perfect solution. The company inspected his property, made a list of necessary fixes, and hired contractors to do the work. The entire process was seamless and stress-free, allowing Prasenjit and his family to focus on moving into their new home.
Like Summer, Prasenjit was impressed by Doorstead's professionalism and unique guarantee offer. He would recommend that other guarantee owners follow up with the Doorstead team to ensure they understand the rent-ready schedule and what actions need to be taken from the owner's end to get their property on the market as soon as possible.
Prasenjit believed it was not the right market to sell their old house, but was also worried about a negative cash flow once they moved into their new home if he didn't.
"Doorstead's service gave me a clear picture of my financial breakdown as a first-time homeowner whose living circumstances were in flux which was incredibly valuable. It gave me the confidence to move into our new home while deciding to keep our old property."
Once Prasenjit received an initial guarantee rent quote from Doorstead, he realized it would be enough to cover his monthly mortgage payment. With this, he passively lets Doorstead manage his old home while he enjoys peace of mind, consistent rental payments, and more time with his family.
These success stories show that Doorstead's guarantee contract can be a game-changer for new or seasoned rental homeowners. By taking on the risk of vacancies and providing a guaranteed rent offer, Doorstead makes managing a rental property stress-free and profitable. And with a focus on high standards and professionalism, customers like Summer and Prasenjit can trust that their properties are in good hands.
So if you're a property owner who wants to maximize your rental income without the stress of property management, Doorstead's rent guarantee product could be your perfect solution.
Contact us now to learn more about our guarantee contract and how we can help you maximize your rental income.
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