HENDERSON, NV--(Marketwired - Oct 14, 2013) - Co-Signer.com, Inc., a wholly-subsidiary of Co-Signer, Inc. (OTCQB: COSR), announced today they are now providing their residential rent assurance services to The Madison Real Estate Group, an asset and property management firm based in Los Angeles with offices in both Las Vegas and Phoenix. With the addition of Madison, the Company has surpassed its goal of attaining 100 landlords and property management companies nationwide that accept their residential rent guarantee for tenants that have either bad, poor or no credit.
According to 2012 statistics published by the National Multiple Housing Council there are approximately 39 million non-owner occupied rental units1. "Our marketing is focused on 39 million rental residences and millions of landlords. Despite Co-Signer eclipsing this milestone we have a lot of work ahead to enlist the landlords of these units and fulfilling the growing demand for cosigning services," said Rebecca Eli, Vice President of Marketing for Co-Signer.com. Ms. Eli further explained "The key to our growth is getting landlords, property managers and leasing agents to accept our residential rent guarantee. We have a backlog of approved tenants in several major metropolitan cities and receive tenant applications daily that we process and review. We can fill vacancies now with qualified tenants. Our program can fill vacant units while eliminating the financial exposure due to lost rents from a defaulted or an evicted tenant at no cost to the landlord, property manager or leasing agent."
The Madison Real Estate Group employs a collaborative approach to developing customized and quality solutions that ensure their services remain consistent with their owner's goals, resident stability and the needs of the diverse communities that they serve. Madison is dedicated to minimizing the liability that owning real estate can cause property owners. Madison's mission is to create solutions that will protect and preserve assets and control exposure while meeting state and federal regulations like Fair Housing. Joshua Rose, the Property Supervisor for The Madison Real Estate Group stated, "Our management team is very excited to work with Co-Signer.com and look forward to their services helping us achieve our goals more readily. Our clients, vendors and partners appreciate our fundamental values of integrity, transparency, loyalty, and commitment to our clients that transcend all expectations."
"We are looking forward to working with Madison to help them achieve an even lower vacancy rate for their clients' properties while providing our tenant clients residences access to properties they may want to live in. It is our mission to provide this same service to all landlords and property managers across the country willing to accept our service," asserted Ms. Eli.
For landlords, property managers and tenants seeking more information please visit www.Co-Signer.com or email Rebecca@Co-Signer.com. For more information on Co-Signer, Inc. including investor packets please email inquiries to Investors@Co-Signer.com.
1: 2012 Demographics from National Multiple Housing Council
About Co-Signer, Inc.
Co-Signer, Inc. is a financial and real estate services company. Its wholly-owned subsidiary, Co-Signer.com, Inc. is the nation's premier commercial provider of residential rent assurance services offering rental guarantees on behalf of tenant clients to landlords, property managers, leasing agents and others that may be responsible for residential leasing. Co-Signer.com, Inc. provides its fee based tenant service to those who may have no, poor or bad credit due to a short sale, a bankruptcy, inconsistent employment, a long-term health issue or other circumstances. Typically these tenants are able to afford the rental payment for the new residence they seek. However, superficially their credit scores and financial profile do not readily qualify them with the prospective landlord. Cosigning services are available whether the tenant seeks a single family home, condominium, townhouse, or apartment anywhere in the United States. Co-Signer.com, Inc. uses a proprietary underwriting process with state of the art information services to achieve low default ratios that maximize company profitability.
The Company's business strategy is to make the use of commercial rent assurance the U.S. industry standard by focusing its resources and market awareness efforts on landlords and property managers, educating them on the simplicity and value of the Company's service that facilitates housing for tenants and maximizes occupancy rates and cash flow for landlords. With almost 39,000,000 rental units in the United States and 1 out of every 4 adults having poor or bad credit, the demand for commercialized cosigning services provides a real growth opportunity.
Forward-looking & Safe Harbor Statement
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and those statements are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company cautions that these forward-looking statements are further qualified by other factors. The Company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.