Advancing provides a fintech solution that allows landlords to receive up to 12 months of rent in advance while ensuring protection against tenant payment defaults through automated collection and claims management. This service eliminates the risk of delayed payments and simplifies the rental income process, enabling landlords to manage their properties with greater financial security and peace of mind.
Funding
$400K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Landlords face the risk of delayed or missed rental payments, creating financial instability and requiring time-consuming collection efforts. Traditional solutions like rental insurance often involve deductibles, require the landlord to manage claims, and do not provide upfront rent payments.
Solution
Advancing offers a fintech solution that provides landlords with upfront rental income, covering between 2 to 12 months of rent in advance. The platform guarantees rental income by managing tenant payment collection and handling any potential claims related to defaults. Advancing simplifies the rental income process, ensuring landlords receive payments either upfront or punctually each month, while also protecting against potential damages or vandalism to the property.
Target Audience
Advancing primarily targets landlords and property owners who seek financial security and guaranteed income from their rental properties, as well as real estate agencies looking to offer value-added services to their clients.
Features
- Upfront payment of 2 to 12 months' rent, providing immediate access to funds.
- Guaranteed rent payments, protecting against tenant defaults and delayed payments.
- Automated rent collection and claims management, reducing administrative burden for landlords.
- Coverage for property damage and vandalism, offering broader protection than standard insurance.
- Streamlined online application process for quick approval and disbursement of funds.
- Flexible service options, allowing landlords to choose the payment schedule that best suits their needs.