Pensio Realty Corp.

Pensio is a Property Risk Management Rent Guarantee services company focused on providing the residential rental owner and property management industry with streamlined rental management risk services supported by ground breaking rent guarantees. The Pensio Risk Management System  means simply;  The Rent is Guaranteed! Pensio is a participating member of Rentalis Insurance Company, Inc., a protected cell captive insurance company reinsured by reinsurers rated AM Best A or better.

Pensio Rent Guarantee Solutions

The Pensio  Property Risk Management Services rent guarantee programs are uniquely designed and positioned to benefit our diverse client groups, developers, investor-buyers, lenders, existing owners, property managers, and tenants.

Pensio is built on the foundation of core principles: Our client always gets one hundred percent of their rent paid each month, Integrity and High Ethical Standards, Focus on the Numbers, and a Passion to Make Renting Better.

Pensio Team members embody and apply these principles while serving our clients. Team members build and foster a culture of best practices that clients can trust. Clients can expect from Pensio a commitment to excellent work at every level of the organization and in all aspects of client interaction. When serving clients with complex transactional, personal and financial needs, Pensio team members take extreme care in understanding and properly conveying the fundamental implications of the uniquely different Pensio strategies and programs. Crucially, at Pensio, the client is the most important part of the team. Satisfying our client’s needs based on these foundational principles is Pensio’s primary goal. Pensio is anchored by several core management programs:

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Tenant Eviction Management

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Property Risk Management

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Pensio Tenants

The Pensio difference

Our rigorous analytical process combined with a deep respect for the numbers are used as a baseline to drive our Pensio core management programs. We provide an entrepreneurial approach to solutions that relies on innovative and customized thinking. We are able to leverage our analytical and underwriting strengths with decision makers.

The Emerging Tenant Voice in the USA 

In 2010, at the height of the foreclosure crisis, the federal government watched nervously as hundreds of thousands of families lost their homes. Empty houses blighted neighbourhoods, their shades drawn, and their yards overgrown. Without some kind of intervention, federal officials worried the housing market would continue in its free fall, prices would keep dropping for existing homeowners, and the economic recovery, already tenuous, would be imperilled. 

Between 2011 and 2017, some of the world’s largest private equity groups and hedge funds, as well as other large investors, spent a combined $36 billion on more than 200,000 homes in ailing markets across the country. In one Atlanta zip code, they bought almost 90 percent of the 7,500 homes sold between January 2011 and June 2012. Today, institutional investors own at least one in five single-family rentals in some parts of the metro area. 

Housing trends are on the side of the investors: America is becoming a renter nation. According to census data, between 2007 and 2017, the United States added less than 1 million households in owner- occupied homes, but 6.5 million in renter-occupied homes. Many families wanted to live in a spacious house in a good school district but could no longer afford to do so as owners. The home-ownership rate bottomed out at 62.9% in 2016, down from a high of 69% in 2005.

The industry is consolidating. Investment groups created companies to manage the homes: Blackstone established Invitation Homes; Cerberus created FirstKey Homes; Colony Capital created Colony American Homes, resulting in these companies merging. 

In 2015 alone, Colony American Homes merged with Starwood Waypoint Residential Trust, Cerberus Capital Management acquired more than 4,000 homes from BLT Homes, and American Homes 4 Rent said it was acquiring American Residential Properties in a $1.5 billion deal. By 2017, two major players, Invitation Homes and American Homes 4 Rent, controlled nearly 60 percent of the market. Investors were once wary of the single-family rental business, they aren’t any longer. The share price of American Homes 4 Rent was up 40% between August of 2013 and August of 2018. Investors such as Morgan Stanley and BlackRock increased their holdings in Invitation Homes in the third quarter of 2018. By December, the eight ratings firms covering the company had each given Invitation a “buy” rating, indicating that they believe it is undervalued. 

Before you start trying to work out which direction the property market is headed, you should be aware that there are markets within markets

— Paul Clitheroe

Single-family rental companies are continuing to expand, suggesting that, rather than a temporary response to a generational crisis in the housing market, institutional ownership of single-family rentals may be a new fixture of the real-estate industry. Invitation Homes spent more than $200 million on new homes in the first nine months of 2018. As the supply of cheap homes for sale evaporates, American Homes 4 Rent has started building new homes to add to its stock. The Pensio programs address the emerging rental market in the United States, Mom and Pop landlords, property managers and national rental companies. While large corporations are major players in the overall national landscape, it stands that Mom and Pop landlords still own better than 50%, 25 Million single-family rental properties in the United States.

Pensio recognizes with the advent of social media providing real-time mass market awareness, tenant voices will be heard. Mom and Pop landlords, property management companies and national property companies need to address tenant education. The launch of the Pensio Tenants Association announced by World Insurance Associates LLC, a national insurance broker, confirms they expect to enroll 200,000 members in rental units in the United States. 

The Pensio Tenants Association provides comprehensive services, education and rent guarantees to pay members' rent in the event of involuntary job loss or disability. This rent guarantee covers both the primary and legal co-tenants. Pensio has begun to educate owners, property managers and national rental property companies on the benefits of providing tenants with core services and support other than fixing leaky pipes. Pensio is focused on supporting both owners and tenants in the United States.

 
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Rentalis fully transfers, or syndicates bond risk to companies rated AM Best A or Better who specialize in reinsuring commercial, and contract surety. Rentalis was formed as part of an ongoing captive insurance strategy that Rentalis identified as an underserved non-standard segment of the residential rental market and unique stay vacation property industry. 

Rentalis Insurance Company, Inc

World Insurance Associates LLC

World Insurance Associates LLC is an independent insurance agency headquartered in Tinton Falls, NJ. It offers personal and business insurance in 50 states. The company specializes in transportation, hospitality, self-storage facilities, construction (surety), manufacturers, and law firms. WIA also provides group benefits and property and casualty insurance to companies of all sizes in a variety of industries in addition to insurance services for individuals, focusing on coastal properties and high net worth clients. WIA began business in 2012, has completed 41 acquisitions, and serves its customers from 27 offices. The company is ranked #15 on the 2018 NJBIZ 50 Fastest Growing Companies in NJ and #6 in New Jersey’s Top Insurance Brokerages, also by NJBIZ. WIA made the 2018 Inc. 5000 list at #1680, has been named a Top 100 Independent Property/Casualty Agency by Insurance Journal, and is a Business Insurance 2018 Best Place to Work.

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Legal notice: Pensio Realty Corp. directors, officers, employees or affiliates agents, are not insurance agents or brokers. Pensio cannot provide nor offer insurance services, advice or information in respect of the rent payment contract bond. Any information contained in this document is subject to the terms and conditions of the Pensio Program Agreements provided to you by Pensio. Email us your contact information and we will have a licensed insurance agent contact you directly.

Disclaimer: All use of this website or the company or related company marketing material is subject to the following Terms and Conditions. If you do not agree with these Terms and Conditions, please do not access web sites or print our brochure. These terms may be changed by Pensio Realty Corp. at any time without notice. The materials provided in this website and related marketing material are for informational purposes only. These materials constitute general information relating to Pensio programs. They do NOT constitute insurance. Pensio Realty Corp. are not licensed producers, insurance brokers or agents. Any questions regarding Pensio programs should be directed to World Insurance Associates LLC, licensed insurance producers in 50 states. The contents of this website and related marketing material are a representation of the Pensio programs. Programs are subject to terms and conditions. Prior to entering into an agreement with Pensio companies. you should retain competent legal counsel to advise you. You should also seek independent professional prior to entering an agreement. You are advised that Pensio companies do not guarantee the confidentiality of any communications sent by e-mail or through its website or left in voicemail messages on company telephones. Unsolicited information and material may not be treated as confidential and will not be protected by our privacy statement. Accessing or using this website and related marketing material does not create a client relationship. Although Pensio has made reasonable efforts to ensure that the materials contained in this website and related marketing material are accurate, it does not warrant or guarantee: the accuracy, currency or completeness of the materials; that the site will be available without interruption, error or omission; that defects will be corrected; or that the website and the server(s) that make it available are free from viruses or harmful components. The website and related marketing material and the materials provided on the website are provided “as is” and “as available” without representations, warranties or conditions of any kind, either expressed or implied. Pensio and its associated companies will have no liability for any damage arising from the misuse of any information provided in this website or related marketing material. The information provided in this website or related marketing material is not insurance advice and should not be relied upon as such. Doing so without seeking the advice of a licensed insurance broker or independent legal counsel constitutes a misuse of the information.