1. Liability Insurance Requirements & Program:

Residents are required to maintain at least $300,000 in property damage and liability coverage. They have two options to fulfill this:

Master Policy (Automatic Enrollment): If a resident doesn't provide their own insurance, they are automatically enrolled in our Master Policy as part of the RBP for a monthly premium of $14.95, which is bundled into the RBP fee.
Resident Policy (Policy Verification Required): Residents can choose their own A-rated insurance carrier, provided it meets the $300,000 coverage requirement and lists Aloe Property Management as an additional interest (PO Box 660121 Dallas, TX 75266). If a valid policy is provided, the RBP fee will be reduced by the $14.95 monthly premium. Failure to maintain their own policy will result in a $75 lease violation fee and automatic enrollment in our Master Policy.

2. Complimentary Services Included in the RBP:

24-Hour Maintenance Coordination Service: Residents have access to an online portal to report maintenance concerns outside of normal business hours, ensuring prompt attention to issues.
Online Portal Access: Our online portal provides residents with convenient access to important documents, allows for easy rent and fee payments, and serves as a direct channel for maintenance requests.
Online Payment Methods: Residents can make convenient ACH payments through the portal and even set up automatic recurring payments, eliminating the need for checks or trips to mail payments.
Air Filters Delivery & Install: To promote energy efficiency and a healthier living environment, HVAC filters are installed every two months. This service helps reduce energy costs, prevents costly HVAC repairs, and improves indoor air quality. Residents are required to coordinate access for this service, with a $20 missed appointment administrative charge for any missed or refused appointments.
Home Buying Assistance: As a licensed Real Estate Agent and/or Broker, Aloe Property Management offers buyer representation services and referrals to RBP residents interested in purchasing real property. Details and compensation for these services are outlined in a separate agreement.
One Waived NSF or Late Charge Waiver: Residents receive one waiver per lease term for either a Non-Sufficient Funds (NSF) fee ($75.00) or a late payment waiver up to 3 days ($70).
Aloe Rewards: As valued residents, they are eligible for exclusive rewards through our partnership with Credhub Perks.
Security Deposit Protection: Residents' security deposits are held in an FDIC-insured trust account.
Free Credit Reporting: All on-time rental payments are positively reported to credit bureaus, helping residents build their credit history.

3. RBP Vendors & Data Privacy:

Aloe Property Management may have business relationships with RBP service vendors and may receive benefits from these affiliations, ensuring all third-party vendors are licensed, bonded, and insured where applicable.
Residents provide consent for the collection, use, and transfer of their personal data by Landlord and RBP Providers solely for the purpose of implementing, managing, and performing the RBP. Landlord ensures compliance with applicable data protection laws.
Residents also consent to receive SMS messages and calls from the Landlord and RBP Providers for service-related information, account information, and marketing purposes. Standard message and data rates may apply.

The RBP Addendum is a legally binding part of the Lease, ensuring residents receive these valuable services throughout their tenancy.

We believe the RBP enhances the resident experience and protects your investment as landlords.