Table of Contents
Does Rhino save you money?
Instead of a large upfront cash security deposit, renters pay Rhino a small monthly fee, and Rhino insures the property owner for damages that might occur and lost rent. To date, we are offered in over 1.6 million homes, and we have saved renters over $500 million in cash.
How Rhino's security deposit insurance compares to other options
Can you cancel Rhino?
Rhino policies can be canceled at any point during the life of the policy. If the coverage is no longer needed, Rhino can cancel your policy and issue any applicable refunds. A Rhino policy can be canceled only if the renter and property agree that coverage is not needed.
How does rhino work as a guarantor?
If you don't qualify for a lease on your own, you can have someone (a friend, a parent, etc.) act as your guarantor and co-sign the lease with you, guaranteeing that timely rent payments will be made. Rhino offers similar guarantor coverage to help you qualify to rent in a new home with affordable payments.
What is Rhino in real estate?
Rhino is a deposit insurance type plan that replaces security deposits. It allows us to market the properties as deposit-free. This makes it extremely enticing to tenants, especially in the multi-family market. Usually, that kind of market is extremely competitive with low or no deposit leasing at many complexes.
Does Rhino give you your money back?
Do I get my payments back at the end of the lease like a security deposit? Rhino replaces the need for a large security deposit and your payments are not refunded at the end of your lease. Rhino fulfills the same requirement as a deposit, but at a fraction of the cost.
Does Rhino affect credit?
Any renter can use Rhino as long as they have been approved to rent at a partnered property. If your application to the property was approved, you can enroll for Rhino coverage. Rhino does a soft credit check to help determine pricing. This credit check does not affect your score.
Security deposit insurance is the new normal
How long does Rhino take to approve?
Approval for applications can take several days depending on the landlord, so it's always a good idea to ask how long you should expect to wait. To that end, the best prospective tenant is one that responds quickly.
What is deposit free Rhino?
Rhino Insurance lets you avoid putting down a security deposit when you rent an apartment. If your landlord accepts Rhino, you can skip the security deposit and pay a low monthly fee instead. Rhino allows renters to have more cash on hand for other expenses like renters insurance.
Does Rhino give you your money back?
Do I get my payments back at the end of the lease like a security deposit? Rhino replaces the need for a large security deposit and your payments are not refunded at the end of your lease. Rhino fulfills the same requirement as a deposit, but at a fraction of the cost.
Does Rhino affect your credit score?
Rhino does a soft credit check to help determine pricing. This credit check does not affect your score.
Renters prefer Rhino over cash deposits
Do you have to renew Rhino?
Do Rhino policies automatically renew? Yes. Your policy will automatically renew 15 days before your lease end date, unless you have already manually renewed or discontinued coverage.
What is deposit free Rhino?
Rhino Insurance lets you avoid putting down a security deposit when you rent an apartment. If your landlord accepts Rhino, you can skip the security deposit and pay a low monthly fee instead. Rhino allows renters to have more cash on hand for other expenses like renters insurance.
Can Rhino be used as a guarantor?
You can use a third party – Rhino offers guarantor coverage which can satisfy landlords' guarantor requirements, as well as other third party services.
A new alternative to security deposits for cash-strapped renters
Do they run a credit check on a guarantor?
You and your guarantor will both have your credit checked as well as provide documentation that proves your income. In this sense, the guarantor is applying for the same apartment at the same time.
Can you cancel Rhino?
Rhino policies can be canceled at any point during the life of the policy. If the coverage is no longer needed, Rhino can cancel your policy and issue any applicable refunds. A Rhino policy can be canceled only if the renter and property agree that coverage is not needed.
What does Rhino mean in real estate?
Rhino is a deposit insurance type plan that replaces security deposits. It allows us to market the properties as deposit-free. This makes it extremely enticing to tenants, especially in the multi-family market. Usually, that kind of market is extremely competitive with low or no deposit leasing at many complexes.
Why property owners/operators choose Rhino
Is Rhino safe for security deposit?
Rhino Insurance lets you avoid putting down a security deposit when you rent an apartment. If your landlord accepts Rhino, you can skip the security deposit and pay a low monthly fee instead. Rhino allows renters to have more cash on hand for other expenses like renters insurance.
What does Rhino mean in security deposit?
Rhino is security deposit insurance that replaces the need for a traditional security deposit. Instead of a large upfront cash security deposit, renters pay Rhino a small fee, and Rhino insures each home for the property owner in case of damages and lost rent that might occur.
Can you cancel Rhino?
Rhino policies can be canceled at any point during the life of the policy. If the coverage is no longer needed, Rhino can cancel your policy and issue any applicable refunds. A Rhino policy can be canceled only if the renter and property agree that coverage is not needed.
TouchPoint Property Management's Zero Security Deposit Program (Obligo):
What is a rhino application?
Rhinoceros (typically abbreviated Rhino or Rhino3D) is a commercial 3D computer graphics and
) application software that was developed by Robert McNeel & Associates, an American, privately held, and employee-owned company that was founded in 1980.
