{"id":96584,"date":"2021-10-20T14:37:00","date_gmt":"2021-10-20T11:00:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-texas-new-security-deposit-law-offers-new-opportunity-for-apartment-owners-managers-and-renters\/"},"modified":"2021-10-20T14:40:13","modified_gmt":"2021-10-20T18:40:13","slug":"nueva-ley-de-deposito-de-garantia-de-texas-ofrece-mas-oportunidades-para-los-propietarios-administradores-y-arrendatarios-de-apartamentos","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/nueva-ley-de-deposito-de-garantia-de-texas-ofrece-mas-oportunidades-para-los-propietarios-administradores-y-arrendatarios-de-apartamentos\/","title":{"rendered":"Texas New Security Deposit Law Offers New Opportunity For Apartment Owners, Managers And Renters"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">HOUSTON<\/span>, <span class=\"xn-chron\">Oct. 20, 2021<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; A new Texas Apartment Renters Security Deposit Law (SB 1783) has gone into effect this fall\u2014and affords a new, low-cost <b>opportunity<\/b> for residential apartment owners, managers and renters via a one time <b>insurance<\/b> (NOT a surety bond) premium. <\/p>\n<p>The new law precludes apartment owners\/managers from charging a large, upfront one-time security deposit, traditionally held for the length of the lease. <\/p>\n<p>The concept is called <b>RentSense\u2014<\/b>created by a long-time insurance executive <span class=\"xn-person\">Tim Wahl<\/span> who has been a pioneer in the field of new insurance programs.<\/p>\n<p><b>And TEXAS\u2014with TWO MILLION+ RENTAL UNITS\u2014will be the company&#8217;s first major focus. <\/b><\/p>\n<p>The suite of three offerings begins with the core product, <b>Deposit Plus+,<\/b> which provides the property manager with 150% of the deposit value, at no cost to them. The tenant pays a one-time low-cost premium which is a small percentage (<u>about 23%) <\/u>of the full amount of a traditional security deposit.<\/p>\n<p>&#8220;This is a very real opportunity for property owners and tenants of multifamily residential apartments.,&#8221; explained Wahl, CEO of the company. &#8221; Owners receive more protection than a traditional security deposit and receive an admin fee adding to their bottom line. Tenants benefit by securing a great apartment without paying a hefty amount of upfront money. \u00a0And we can offer it to owners\/managers with as few as 25 units.&#8221;\u00a0 <\/p>\n<p>&#8220;It&#8217;s also very different from a surety bond. The coverage is much more comprehensive and secure,&#8221; Wahl related. &#8220;We offer an insurance policy underwritten by an A-Rated insurance carrier, backed by the States Guaranty Funds. . .a surety bond can&#8217;t do that.&#8221; <\/p>\n<p>&#8220;It&#8217;s a unique way of providing additional protection for property owners and managers while helping renters get into an apartment for less money, observed <span class=\"xn-person\">Rick Croasdale<\/span>, senior vice president of sales and marketing.\u00a0 &#8220;The new state law demonstrates <span class=\"xn-location\">Texas&#8217;s<\/span> vision and commitment to help businesses and consumers in these trying times.\u00a0 It has opened the door to change the traditional paradigm&#8221;<\/p>\n<p>The company also offers two other residential apartment insurance plans: (1) Renters Plus+ ( property owners interests are included and owners may submit claims directly) and (2) Return to Renter (which allows owners\/managers to offer cash back to hard-pressed tenants) <\/p>\n<p>&#8220;The <span class=\"xn-location\">Texas<\/span> Senate and House overwhelmingly approved the new law, &#8221; said Croasdale, a long-time <span class=\"xn-location\">Texas<\/span> resident who will implement RentSense&#8217;s state-wide marketing and sales campaign. &#8220;Their action is a boost to anyone who owns or rents residential apartments.&#8221; <\/p>\n<p>For Information Visit:\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3328982-1&amp;h=1286150445&amp;u=http%3A%2F%2Fwww.rentsense.us%2F&amp;a=www.RentSense.us\" rel=\"nofollow\">www.RentSense.us<\/a><\/p>\n<p><b>Contact: <span class=\"xn-person\">George Drucker<\/span> \u00a0email <a href=\"mailto:George@rentsense.us\" rel=\"nofollow\">George@rentsense.us<\/a><\/b><\/p>\n<p><b>818-203-5845<\/b><\/p>\n<p>SOURCE  RentSense<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">HOUSTON<\/span>, <span class=\"xn-chron\">Oct. 20, 2021<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; A new Texas Apartment Renters Security Deposit Law (SB 1783) has gone into effect this fall\u2014and affords a new, low-cost <b>opportunity<\/b> for residential apartment owners, managers and renters via a one time <b>insurance<\/b> (NOT a surety bond) premium. <\/p>\n<p>The new law precludes apartment owners\/managers from charging a large, upfront one-time security deposit, traditionally held for the length of the lease. <\/p>\n<p>The concept is called&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-96584","post","type-post","status-publish","format-standard","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/96584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=96584"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/96584\/revisions"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=96584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=96584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=96584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}