Knox Frictionless Ownership Platform mitigates possible cash flow disruptions with rent payments protection
BOSTON, January 12, 2021 — Knox Financial, a fintech company making it dramatically easier to own investment property and optimize returns, today announced Knox Rent Protection, offering Knox clients uninterrupted revenue from their investment properties.
“Many of our clients need consistent and optimized portfolio performance, from retirees who count on the steady cash flow from their investment properties, to seasoned landlords that need their properties to generate enough revenue to cover their businesses expenses,” said David Friedman, CEO of Knox Financial. “A critical component of optimizing financial performance is guarding against situations that could interrupt cash flow and are out of anyone’s control. With Knox Rent Protection, our clients will see full rental income even if their tenant loses a job or falls ill — and can’t pay rent.”
Once a property is enrolled on the Knox Frictionless Ownership Platform, Knox automates and optimizes the property’s finances and taxes, insurance, leasing and legal, tenant and property care, banking, and bill pay — ensuring that the investment property achieves its highest performance and allowing the owner to be a passive investor. With today’s announcement, Knox will offer up to three months of missed rent on investment properties enrolled in the Platform for either a fee of 1.5% of each month’s rent collected, or an upfront 1% fee of the annual lease value.
“Our data platform and projection modeling allows us to offer this protection at an incredibly affordable price,” said Knox Chief Product Officer, Chris Baker. “For a few dollars a month, investment property owners will have a luxury that most landlords have only dreamed of — completely predictable cash flow.”
To learn more about Knox Rent Protection, visit knoxfinancial.com/knox-rent-protection.