What is guaranteed rent?

Guaranteed rent means that a homeowner will always receive the rent owed to them. Homeowners use a guaranteed rent scheme to have someone else manage their property in exchange for a predetermined payment. The homeowner will still get paid, even if the property is empty or the tenant does not pay rent.

Why do we offer guaranteed rent?

Doorstead brings you the best of full-service property management. We believe a guarantee is better than a promise, and we use data and lean operations to guarantee your property's monthly rent and start date upfront. The Doorstead Guarantee is a property management contract that ensures your property's monthly rent and start date upfront.

What properties are eligible for a rent guarantee?

Doorstead takes on the risk with a guarantee, so we maintain stricter requirements around initial property repairs to get your property to our Rent-Ready standards. Under a Doorstead Guarantee, Doorstead also has complete control over tenant selection. Please enter your address and answer some simple questions to see if your property type is eligible to be managed under the Doorstead Guarantee.

What are the benefits of the Doorstead Guarantee?

Doorstead firmly believes that a guarantee is more substantial than just a promise. Therefore, before any work begins, we guarantee your property's monthly rent and start date upfront. In addition, we align our interests and incentives to yours, ensuring we fill your unit quickly with only qualified tenants. Read about some of our recent customer success stories with the rent guarantee.

Property management

Doorstead Guarantee FAQ's

At Doorstead, we believe a guarantee is better than a promise. As a result, we guarantee your property's monthly rent and start date upfront. This aligns our incentives with yours and ensures we fill your unit with a qualified tenant at the highest possible rent as quickly as possible to maximize your total rental income while eliminating your risk.

How does the Guarantee work?

After you request an estimate on doorstead.com, we'll let you know your guaranteed rent and guaranteed start date to begin receiving payments. Once you discuss your estimate with a rental advisor and sign our agreement, we'll evaluate the property and manage any repairs to get it Rent Ready. As soon as it is, your guarantee clock will start and we'll find the best tenant for your home and handle all aspects of management from end-to-end.

What if my property rents out at a higher/lower price?

If your property rents out at a higher price than the guaranteed rent, you'll get paid at the higher rent and pocket the extra income. If your property rents out at a lower price than the guaranteed rent, we'll cover the difference.

What’s included?

Full-service property management. We take care of everything from getting your property rent-ready, taking high definition photos of your property for listing, conducting showings, screening applicants, selecting a qualified tenant, moving our tenant in, servicing our tenant, performing regular property inspections, handling maintenance requests, renewing leases, and more.

How do payments work?

You start accruing rental income on your Guaranteed Start Date. Your rent payments are initiated on the 8th of every month via ACH, and you should receive the payments 2-3 business days later depending on your bank transfer time.

What are your fees?

We charge an 8% monthly Management Fee (standard market rate) for guaranteed contracts. There is also a Leasing Fee that is 50% of the first months rent.

How will you market my property to prospective tenants?

We take high-quality photos and a create 3D walkthrough of your property. We then list your property on the top rental sites, manage on-demand showings, screen tenants based on credit history, work history and background checks, and select the best, most qualified tenant for your property.

How long are your tenant leases?

Our tenant leases are one-year long.

How do you qualify and select tenants?

After conducting showings, we qualify and select tenants in accordance with our guidelines in addition to the Fair Housing Act. Once a tenant has been selected, we manage the lease signing process and take care of moving in the tenant.

Can I source my own tenant?

We take care of finding a tenant for you in accordance with Fair Housing laws and other city and state regulations so there is no need to source your own tenant. We also have a strict screening process in order to ensure the tenant we select is qualified. If you have a qualified tenant in mind, please send their information directly to [email protected].

How can I get my property Rent Ready and listed ASAP using your vendors?

Once your Key Pick-Up and Initial Evaluation has been completed, your Homes Team Property Specialist will create a custom repair list for your property and send it to you for review within a few days. Please review and submit your response as soon as possible to avoid delays.
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If you have selected "Yes" for all repairs, we will work on getting you market- competitive estimates for the work to be completed. You then get the opportunity to review and approve those quotes before we move forward scheduling work. Responding quickly ensures we schedule the vendor’s next availability.
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When work is completed we will have a Doorstead field associate quality assure all work completed, whether it was done by you, your vendor or our vendor. We will have professional photographs and a 3D tour completed and list your property on high-performing sites. There is an 8% management fee for rent-ready repairs.

Can I use my own vendor for Rent Ready repairs?

You are welcome to use and manage your owner vendor throughout the Rent Ready repair process. We can provide you an easy-to-follow repair list and we will quality assure the work when it’s complete, just like we do our vendors. If you would like to use our vetted, in-network vendors we can assist by managing the repairs process on your behalf, quality assuring the work and providing you with regular updates. There is a DIY fee if you use your own vendor instead of ours.

How is the process different if I use my vendors?

If you have selected DIY for all repairs on your initial list review, we will create a DIY Repair List for you and/or your preferred vendor to upload photos, notes, and mark each repair as complete as you work through the repairs. When all DIY work is completed we will have a Doorstead field associate quality assure all work. There is a DIY fee if you use your own vendor instead of ours.

How are maintenance requests handled?

The tenant reaches out to us for maintenance requests through our online portal. Our team triages the maintenance request to determine if the issue can be resolved with simple self-repair instructions. If a vendor is needed, we'll use our approved vendor network to perform the repair. For any repairs that are above your maintenance cost threshold, we will contact you for approval before the repair is made unless it is an emergency.