Qualify more renters and
increase NOI
Qualify more renters and increase NOI.
Qualify more renters
The assurances you need to quickly qualify modern-day renters.
Increase NOI
Increase leasing velocity with products that save your team time and money.
At no cost to you
Padder product fees are covered by tenants at lease signing.
How it works
1
Tenants submit an application to qualify for Padder Guarantor.
2
Tenants pay a one-time fee to purchase their Padder Policy.
3
Your rental is protected from rent default.
Products built for rentals
Meet your renting superpowers
Run a more profitable rental operation and increase accessibility for renters.
Your bottom line protector
Realize your rent potential
Don’t qualify for the place you want? Padder can help you get in the door.
We help you improve your KPIs and minimize debt with every rental.
Average Rent
Minimize bad debt up to
50%
Increase access for renters and minimize your rent roll risk.
Boost lease conversions up to
20%
Fill vacancies faster while offering tenants more flexibility.
Increase protection up to
5x
Increase your bottom line with guaranteed rental income.
Find the right
tenants
Our leasing experts work hard to process applications quickly. We are available to answer your questions from Monday to Saturday between 9 a.m. and 6 p.m EST.
Without Padder, I wouldn’t have been able to afford my current home. Despite having a steady income, the initial rental deposit was more than I had saved up, and there was no one I could ask to be my guarantor.
Backed by the best
Backed by the industry’s best
Our established insurance providers have been protecting Canadians for nearly 20 years. Coverage is provided by an insurance company currently rated A- (excellent) by A.M. Best.
We’re here to answer your questions
Who is Padder?
We’re a fintech company providing insurance solutions that enhance access for renters and protection for landlords. As a licensed insurance broker, we collaborate with insurance carriers to deliver the necessary coverage.
What is Padder Guarantor?
Padder Guarantor is a bespoke insurance policy that ensures tenants meet their lease obligations throughout their tenancy. By purchasing this policy, renters can meet the qualifications to rent a home they might not otherwise qualify for. The policy covers the landlord for the duration of the lease, ensuring rent is paid even if the renter misses a payment—though the renter remains responsible for those payments to Padder.
Who pays for Padder Guarantor?
Renters pay for the insurance policy. The price is determined after they go through our underwriting process. Our Padder Guarantor covers the tenant’s lease obligations and reimburses landlords for missed rent payments.
How much does Padder Guarantor cost?
Padder Guarantor is paid for by the tenant and costs between 25% and 130% of one month’s rent. The total cost depends on the coverage selected by the property manager, the province of residence, and the tenant’s credit history.
Padder Underwriting Inc. arranges coverage for landlords in provinces where it is licensed to offer insurance products.
Coverage is provided by an insurance company currently rated A- (excellent) by A.M. Best.
Contact at
info@padder.com
Contact
info@padder.com
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