Domain Property Management 

Owner Benefit Package

 

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Benefits so good, you may never want to leave.

Subscribe to our Owner Benefit Package™ and protect your investment’s income. Our full package includes a comprehensive range of protections and guarantees that bring our property management services full circle. Extra protection on your rental income for one low monthly price.

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Rent Advance™

ReportsReceive up to 12 months of rent payments upfront on qualifying leases. Remove resident payment risk as Rent Advance™ is guaranteed rental income.

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Rent Protection

Receive up to 2 months of lost rental income with the Owner Benefit Package™. Protect your rental income from tenants who default on rent.

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Market Reports

Our rental report provides owners with access to accurate rental listing comparables in their market.

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Real-Time Legislative Alerts

Stay ahead of rental housinglaws and tax policies thatmay impact your rentalportfolio.

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Legal & Re-Tenanting Expense Shield

Receive up to $1,000 toward the listing of a rent unit, legal costs of an eviction, or other legal action, following a tenant’s default on rent.

Frequently Asked Questions

Have Questions? We are here to help

What is the Owner Benefit Package™?

The Owner Benefit Package™ is a bundled service that offers rental owners new and innovative products that include:

  • Rent Advance™
  • Rental Income Protection Legal and Re-Tenanting
  • Expense Shield
  • Legislative Alerts
  • OBP™ Rental Report
What are the benefits?

The Owner Benefit Package™ is true peace of mind. Accepting a Rent Advance™ offer gives you up to 12 months of risk-free rental income. If you decide not to proceed with the advance, you can rest easy knowing your rental income is protected in the event of a tenant defaulting on rent. 

How do I subscribe or unsubscribe?

Subscribing in OBP™ is easy, you do not have to do anything. Your rental units will be automatically subscribed in the services provided. 
If you wish to unsubscribe, you must complete an online opt-out form. Not completing the form will activate the subscription and you will be charged. 
Owners who opt-out within the first 30 days will receive a credit on their next owner statement. Opt-outs submitted after 30 days will not be credited. 

How much does OBP™ cost?

The monthly subscription fee for the Owner Benefit Package™ is $40. If your rental unit only qualifies for Legal and Re-Tenanting Expense Shield, you will be charged $20.


Additional fees apply when accepting a Rent Advance™ offer**. 

What happens if my rental unit does not initially qualify for the benefits of OBP™?

Leases that do not initially qualify for the full package may still be eligible for some protections OBP™ offers. The benefits offered for these units are Legal and Re-Tenanting Expense Shield and Legislative Alerts. If you rental unit does not meet any of the qualification criteria, you will not be charged. 

What is Rent Advance™?

Rent Advance™ gives owners of qualifying units the ability to receive up to 12 months of rent in one lump sum payment. Rent Advance™ completely removes the risk of a tenant defaulting on their rental payment obligation.

How does Rent Advance™ work?

Owners will receive an email offer with an exact dollar amount & a link to view the offer details. Follow the link to view additional features and accept the offer. Once the offer is accepted the owner will receive a confirmation email containing a request to verify the bank account for delivery of the funds.

Are owners required to accept the RentAdvance™ offer?

No, the Rent Advance™ offer is optional, and owners are not required to accept it. 

Does the Rent Advance™ offer expire?

Yes, a Rent Advance™ offer generally expires 7 days after it is emailed to an owner. Owners may request another offer prior to the next offer period.

How do I know if my property qualifies for a Rent Advance™?
  • Minimum qualification requirements are:

  • There is at least 6 months remaining on a new or existing lease. 6 months is the minimum duration for Rent Advance™

  • The monthly rent is not currently subsidized by rental assistance programs

  • Monthly rent amount is between $800 & $5,000

  • Property type is residential (multi-family and single-family only)

  • Existing leases are scored using a proprietary algorithm that reviews payment history. Leases with NSFs or late payments may not initially qualify for Rent Advance™.

What is Rental Income Protection? What does it cover?

OBP™ protects you from losses stemming from a tenant's default on rent. We will provide up to 2 months of lost rental income on qualifying units.  Examples of what is covered:

  • The tenant stops paying rent and is evicted

  • Tenant breaks the lease

  • Tenant skips, or abandons, the rental unit

Does Rent Protection apply to owners who accept the Rent Advance™?

When you accept a Rent Advance™ offer you no longer need Rent Protection as you have received your rental payment in advance.

Are there any qualification requirementsfor Rent Protection?

Yes, the monthly rent amount must be between
$800 and $5,000. Existing leases at the time of subscription are scored based on the current tenant’s payment activity. We will review historical on-time payments, late payments, NSFs, and more to determine if a unit qualifies. All rental units with new renters are automatically qualified when the unit is currently subscribed in the Owner Benefit Package™.

How are claims handled?

We handle the claims process on your behalf. When it comes time to make a claim, we will submit a claims request and we will provide all required documentation. Claims are typically paid within 7 days, and the management fees will be deducted.

What is Legal and Re-Tenanting Expense Shield? What does it cover?

Receive up to $1,000 towards the listing of a rental unit, legal costs of an eviction, or other legal action, following a tenant's default on rent. 

What happens if an eviction is filed and the tenant ends up paying rent?

If an eviction is filed with the courts and the tenant ends up paying the rent, a claim can be submitted for the fees related to the tenant's default on their rental payment.

If my rental unit does not qualify for the full package, can it still qualify for Legal and Re-Tenanting Expense Shield?

Yes! Leases that do not qualify for Rent Advance or Rent Protection may still qualify for Legal and Re-Tenanting Expense Shield. Leases qualify as long as they are not currently delinquent on their rental payment and their rent is between $800 and $5,000.

Do leases with rental assistance qualify for legal and Re-Tenanting Expense Shield?

Yes, leases on Section 8 or voucher programs qualify as long as they are not currently delinquent on rent and are within the min. and max rent amounts. 

What is the OBP™ Rental Report?

Our rental report provides you with access to accurate rental listing comparables. When your rental unit is vacant and ready for leasing, our comps report will provide you with insights on how other similar rental units are being priced. 

What information is included in the Legislative Alerts?

Our legislative updates provide you with details on new, pending, and recently passed rental housing legislation. Stay up to date on rental housing laws and how they may effect future investment opportunities.

What Our Clients Say

"Domain has been efficient and responsive with the management of my properties. They communicate well and have systems in place for reporting. When the management of the properties became too much for me to handle, Domain helped to lessen the load on my plate, so I could focus on other endeavors."

David Rambhajan
June, 24

What Our Clients Say

"Domain has been managing my condo for multiple years - Adam, Juls and Melissa have been extremely helpful, nice to work with and very professional with the many facets of condo management.  This includes providing a huge amount of assistance in facilitating repairs and maintenance, screening and processing info from prospective tenants, as well as effectively dealing with any issues that come up.  Also, everyone has been outstanding and prompt with ongoing communication - both with me, as well as with tenants.  Highly recommended!"

Don Lee
May, 24

What Our Clients Say

"We feel so fortunate to be working with Domain.  Adam has personally been there for major issues( burst water pipe) and minor issues. His entire team is always so helpful and available.  It is so nice to always have a call answered and an issue addressed immediately..  I can't imagine a better group to work with."

JoAnn Abel
June, 24

What Our Clients Say

"Domain Realty is the best. They always exhibit professionalism and timely service with a smile! Sara Kuhar in the Chicago office is always right on top of everything I put on her plate. It's rare to find a management company that is such a pleasure to work with, but I can honestly say they are one of the best!"

Jamie Roman
August, 20

What Our Clients Say

"Adam and Sara were a delight. Great communication and quick to address all of my concerns. I would definitely recommend them to anyone in the Chicagoland area."

keisha lewis
August, 20

Ready to Take the Next Step?

  1. Complete the Owner Information form.
  2. Speak with a professional rental advisor.
  3. Select your management plan.
  4. Go live your dreams while we do the rest.

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