Rhino does a soft credit check to help determine pricing. This credit check does not affect your score.
Do you get money back with Rhino?
Rhino replaces the need for a large security deposit and your low monthly 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. In addition to paying for a Rhino policy in full at move-in, you can make payments in monthly installments.
What happens if you dont pay Rhino?
We’ll let your property owner know that you satisfied your security deposit requirement. You’re still on the hook with Rhino if you don’t pay your rent or cause damage to the apartment.
Should I use Rhino security deposit?
Stay ahead of the game. Offering Rhino is better than having a cash deposit on hand. We protect homes like a deposit would while helping boost occupancy rates.
What is Rhino credit?
With Rhino, instead of paying a security deposit to your landlord, you pay about $5 to $10 a month for an insurance policy that covers your rental for damage or lost rent. … Monthly payments are risk-based, depending on the renter’s credit using an averaging tool.
What is Rhino deposit free?
Rhino is a deposit insurance type plan that replaces security deposits. It allows us to market the properties as deposit-free. … The cost of moving paired with first month’s rent and security deposits is extremely high. This can be cost-prohibitive or deterrent to many tenants.
Are rhinos reliable?
In summary, Rhino is at least as accurate as any other CAD product on the market today. In addition, Rhino provides tools for setting accuracy and units and tools for controlling and evaluating continuity not found in most CAD products.
How does Rhino deposit insurance work?
Rhino’s security deposit insurance acts as a direct replacement for a cash security deposit. Instead of a large upfront cash deposit, renters pay Rhino a small monthly fee that can be as little as $5 per month, and Rhino insures the property owner for damages that might occur and lost rent.
How much does Rhino guarantor cost?
The Best Security Deposit Insurance for Landlords: Rhino
The policy is known as a “monthly subscription” and the cost varies but is very affordable. You can pay as low as $3-$5 a month for a rental that costs $1,000 per month or around $25 for a rental that charges $3,000 a month.
Where can I get help with a security deposit?
Where to get help with your security deposit
- Nonprofit Organizations. There are a number of nonprofits that provide grants and assistance to low-income individuals, or individuals facing financial hardships. …
- Local Government Organizations. …
- Faith-based Charities. …
- Security Deposit Guarantees. …
- Earn extra money with odd jobs.