At Open Door PM, we understand that one of the biggest concerns for property owners is the financial risk associated with tenant evictions and property damage. That’s why we offer additional peace of mind through our Risk Mitigation Guarantee.
In the rare event that a legal eviction becomes necessary due to non-payment of rent, or approved pets cause damage beyond the tenant’s security deposit, Open Door PM helps cover qualifying expenses — at no additional cost to you.
* Maximum reimbursement per lease agreement is $1,000 total.
Because our systems are designed to reduce risk before it becomes a problem, we are able to offer additional protection to our owner-clients. Our ability to provide this guarantee is the direct result of institutional-grade operations.
If a qualified tenant placed by Open Door PM defaults on rent payments and eviction becomes necessary, we will coordinate and manage the legal process on your behalf. If qualifying legal expenses exceed the tenant’s security deposit, our Risk Mitigation Guarantee may reimburse eligible eviction-related legal costs up to the coverage limit.
If an approved pet causes damage to the property that exceeds the tenant’s security deposit, Open Door PM may reimburse eligible pet-related damages up to the coverage limit outlined in the program terms.
Pet damage coverage applies only to pets that were formally reviewed and approved by Open Door PM. Unauthorized animals are excluded from coverage. Service animals and emotional support animals are handled in accordance with applicable Fair Housing laws and are not included under this guarantee.
Eviction coverage applies exclusively to evictions related to non-payment of rent. Lease violations, non-renewals, holdovers, or other non-rent-related evictions are not covered.
Due to federal and state housing regulations, eviction-related reimbursement does not apply to tenants participating in government-subsidized housing programs, including Section 8 and similar assistance programs.
At Open Door PM, our goal is to provide property owners with proactive management, reduced risk, and greater peace of mind — knowing your investment is protected by experienced professionals committed to your long-term success.
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