Casalova for Landlords
Casalova is an end-to-end real estate solution that streamlines the rental process for both landlords and tenants. The easy-to-use, online platform enables tenants to search for listings, schedule viewings, make offers, and pay rent all through the app. Meanwhile, landlords are protected by a $50,000 Unpaid Rent Protection on every tenant that they book through Casalova. Casalova is the first rental marketplace in the world to offer a $50,000 Unpaid Rent Protection to protect landlords in the event that their tenant defaults. Landlords that use Casalova experience lower vacancy costs while their risk of a tenant defaulting has been eliminated. Casalova streamlines a landlord’s workflow by listing units, scheduling viewings, screening tenants, accepting offers and collecting rent all on behalf of the landlord.
Landlords and Property Managers
Casalova works with landlords to make the entire rental process effortless. Those who list their properties through the platform are offered the Casalova Care Package, which allows Casalova to handle the entire process of finding qualified tenants for a landlord's vacant units.
The Casalova Care Package includes:
- Full listing setup
- Professional photography
- Listing syndication on Kijiji, Craigslist, Trovit, and social media
- A dedicated team to handle viewings and offers
- Advanced tenant screening & leases
- Secure rent payments
- Key delivery
Landlords are able to view all the prospective tenants and have the final say for which tenant they want to accept. Standard lease agreements are available to be customized to the landlords specifications.
There is currently no protection for landlords if a tenant defaults. Casalova is the first and only rental marketplace in the world to offer a $50,000 Unpaid Rent Protection to landlords. The protection package covers rent until the tenant is evicted for non-payment, which is an average of three months in Ontario, or until the $50,000 limit is reached.
How the Rent Guarantee works:
- Landlords sign up to Casalova and list their unit to receive tenant leads free of charge.
- Landlords have the option to upgrade to the Casalova Care Package which is a full-service offering that includes the $50,000 Unpaid Rent Protection. (Any residential property in the GTA that is owned or operated by a landlord is eligible for the Rent Guarantee).
- Landlords only pay one month's rent at the time of booking. If no tenant is booked through Casalova, there is no fee.
- Landlords are then covered for the entire duration of the lease.
- If a tenant defaults, the entire eviction process is handled by a team of paralegals so that landlords don’t waste any time or money.
- Landlords are then paid every month by Casalova until the tenant is evicted.
Tenant Risk Score
Casalova determines a Tenant Risk Score for each candidate before sending the application to a landlord. This proprietary algorithm is a machine learning model that takes into account factors that have historically been shown to predict whether a tenant is high risk. Since the model harnesses the latest advancements in machine learning, this means that the algorithm is continuously evolving and getting smarter as more tenants are evaluated and data points are utilized.