Reducing Investment Risks in Property Management

"Our focus and the way that we've taken a different
approach is that instead of providing other property management
tools or just another tenant screening tool, we said, 'Hey, what
can we do to actually take away that risk of tenant delinquency
for the landlord?'" — Viler Lika


During his time in consumer credit risk, Viler Lika started
thinking about renter creditworthiness and how it impacts rental
properties. In 2017 he founded SingleKey, the mission of which is
to remove the common headaches of renting, and provide risk
management for landlords. A major pain point for any
landlord or property manager is a delinquent tenant, and while
these bad tenants can cause huge issues for landlords, the
occasional bad apple tenant provides a good insurance use case
for a company like SingleKey.


Tune in to find out how SingleKey works (for landlords of all
types), who underwrites their Rent Guarantee insurance, and
how it is being used to address vacancy issues. Viler breaks
down the costs of a delinquent tenant, and how SingleKey provides
support for both the tenant and landlord. We hear about the
worst-case scenarios for property owners, and how the
COVID-19 pandemic has affected the Canadian rental market.Tune in
to find out about the latest tool being released by SingleKey (an
automated rental collection tool), and how SingleKey has
maintained such a stellar 4.9-star rating on Google Reviews.
Press play to find out more!


Key points from this episode:


Welcome to today's guest, Viler Lika, founder and CEO of
SingleKey

Vila's transition from engineering to finance and where the
idea of SingleKey came from

How SingleKey helps landlords through tenant screening and
evictions

Making SingleKey easy to use for landlords of all ages

The cost of an eviction: more than just missed rent

Why the occasional bad tenant is bad for the small-time
landlord but is a good insurance use case

The impact of COVID-19 on the rental property market in
Canada

How SingleKey is addressing the vacancy problem

The underwriting underlying SingleKey and why it works as a
company

Playing a mediator role between landlord and tenant: how
SingleKey helps both parties 

Hear about the worst-case scenarios Viler has seen

Why SingleKey is different from other property management and
tenant screening tools: taking away the risk of tenant
delinquency

How SingleKey has garnered over 400 Google Reviews with a
4.9-star rating

Find out about the launch of SingleKey's new automated rent
collection tool

The benefits of the automated rent collection tool: from
credit history to tenant ratings



Links mentioned in today's episode:


Viler Lika on LinkedIn

SingleKey website

Viler's email address



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