Innovative Realty LLC
Resident Benefits Package
Included with ALL lease agreements under Innovative Realty is the Resident Benefits Kit
$50.00 Per Month
Included with ALL lease agreements under Innovative Realty is the Resident Benefits Kit. The following features are included for $50.00 per month:- Insurance Benefit Highlights:
- $100,000 Tenant Legal Liability Protection Benefit: Protects you from financial responsibility for damages to the property caused by covered incidents, up to $100,000.
- $10,000 Resident’s Protection. Benefit: Protection for your personal belongings against specific perils, such as fire or burglary, up to the limits defined in your lease addendum., with a deductible of $500 per incident for claims.
- Credit Reporting for On-Time Payments Benefit: Your rent payments can now help build your credit score! By participating in our credit reporting program, on-time rent payments will be reported to the major credit bureaus, allowing you to establish or improve your credit score just by paying your rent on time.
- Identity Theft Coverage Benefit: With our comprehensive Identity Theft Protection, you’ll have peace of mind knowing that your personal information is being monitored 24/7. This coverage includes real-time alerts for suspicious activity, assistance with identity restoration, and up to $1 million in coverage. Our service ensures that you are covered from every angle.
- HVAC Filter Delivery Benefit: Residents receive a new A/C filter, sized perfectly for their HVAC system, delivered right to their door every 60 days!
- Resident Online Portal Benefit: Enjoy 24/7 access to our online Resident Portal which allows you to initiate one-time or automatic recurring online rental payments for both rent and utilities, sign lease agreements, access electronic statements, payment history, previous lease agreements, and more!
- Utilities Management Benefit: Innovative Realty has partnered with Conservice, a utility billing service. Conservice makes the set-up of utilities and payment each month easy by consolidating everything into one bill and providing you with convenient ways to pay, right through your existing portal. Accounts are already active, which means you won’t have to contact utility providers to set up service or pay any deposits!
- 24/7 Maintenance Hotline with Live Phone Support powered by Property Meld Benefit: You are able to reach a live person for any after-hours or weekend emergency maintenance concerns by simply visiting your maintenance portal and selecting the emergency option, or by calling our main office phone line and selecting the emergency option. Both routes will take you directly to a live person to help. With our upgraded maintenance portal, residents can submit maintenance requests, communicate with management and vendors all in one place, pick repair times and instantly schedule with the assigned vendor, provide photos and feedback, and more!
- In-House Maintenance Benefit: We maintain an in-house maintenance team offering timely and efficient general maintenance to solve your maintenance concerns fast! Schedule quickly and instantly through the upgraded maintenance portal, and feel assured knowing you have a trusted team looking out for your home.
- Preventative Maintenance Benefit: Bi-Annual 20-point quality inspection of the property, HVAC unit, air filters, plumbing systems and safety items. Reduces likelihood of maintenance issues and ensures a pleasant rental experience!
- One Time Late Fee Forgiveness ($95.00 value) Benefit: Innovative Realty will grant a one-time waiver of a $95 late rental payment fee, no questions asked!
- Real Estate Investment Consultation Benefit: Considering the purchase of a home? When you are ready to buy a home, we can connect you with one of Innovative’s licensed real estate agents for a free consultation who can assist you with making your dream become a reality! If you engage an Innovative Realty agent as your buyer’s agent, Innovative Realty will provide you with a free one-year home warranty on your new home ($550 value)! Please note, all lease terms and contracts must be fulfilled prior to the purchase and in the event of an early lease break or termination, all penalties and fees will apply.
Can I opt-out of this Resident Benefits Package?
Yes – But only the Insurance Portion, and only if they provide proof of their own coverage. Innovative Realty is providing the Resident Benefits Package to all Residents. The included insurance coverage is provided under Innovative Realty as a Master Policy and applied to each home under management. Residents receive the benefits of the coverage without applications, credit checks, or billing.
What if I have my own Residents Insurance coverage?
The Resident Benefits Package will apply to all homes and Residents under the Innovative Realty Master Policy. Residents may opt-out of the insurance portion of this program by showing proof of General Liability Coverage of at least $100,000 and contents coverage of at least $10,000, and naming Innovative Realty as ADDITIONALLY INSURED for a cost difference/savings of $8.00 per month.
If Resident chooses to Opt-Out of the Innovative Realty Master Resident policy then Resident shall be responsible for paying all charges of the Innovative Realty master Resident policy associated with the Resident Benefits Package up until the date the Resident provides the required and acceptable proof of insurance and terms by Innovative Realty. Such policy or policies shall be written by a responsible, duly licensed carrier or carriers reasonably acceptable to Innovative Realty. The Resident’s insurance company shall deliver to Innovative Realty, Certificates of Insurance evidencing the existence and continuation of coverage and shall name Innovative Realty as additional interest and shall expressly provide that any interest of the same therein shall not be affected by any breach by the Resident of any policy provisions. Further, all insurance policies shall expressly provide that no less than thirty (30) days’ prior written notice shall be given to Innovative Realty in the event of a material alteration to or cancellation of the policies.
Once Innovative Realty receives and accepts the required insurance, Innovative Realty will remove Resident from the Innovative Realty master insurance policy and Resident will be opted-out of the insurance portion of the Residents Benefit Package and Resident shall not be responsible for the insurance portion of the Resident Benefits Package. The Resident will still be responsible for the Payment and Service Benefit charge associated with the Resident Benefits Package. (Limited Residents Benefit Package). The cost of the Payment and Service Benefit associated with the Resident Benefits Package is $42.00 per month. If for any reason, the Residents policy or policies is cancelled, Innovative Realty reserves the right to force place Resident insurance for the Resident at the Residents expense for any premiums, fees, charges associated with such forced placement and coverage.