Owner FAQs
About Rent Advances

Rent Advances are for owners of residential rental properties who have at least one active and paying tenant with a lease.

A Rent Advance gives you cash today (at a discount) that would otherwise take time to receive from the tenant over the course of the lease.

Ryse will advance an amount from 2 to 11 months of rental income, up to a maximum of $60,000.

Ryse charges a fee of 10% of the advanced amount. For example, on a Rent Advance of $28,000 Ryse will charge a fee of $2,800.

Ryse will deduct our 10% fee from the gross Rent Advance. For example, on a Rent Advance of $28,000 where Ryse's fee is $2,800, the amount advanced will be $25,200 ($28,000 less $2,800).

There is no restriction on cash uses.

You repay a Rent Advance by the rent payments you receive from the tenant.

No. Ryse does not inform the tenant about you selling your rights to the rent payments and the tenant continues to pay you as if there were no advance.

No, Rent Advances do not require a credit check. Approval is based on your property and tenant payment history.

No. The only fee is the 10% advance fee. There are no hidden charges, monthly fees, or prepayment penalties.

Once approved, funds are typically sent within 3-5 business days.

If your tenant stops paying, you'll still need to repay Ryse according to the original schedule. However, Ryse works with you to find solutions during difficult situations.

Yes, once your current advance is repaid, you can apply for another advance on the same property.

Residential rental properties including single-family homes, condos, townhouses, and multi-family properties qualify.

Yes, you can repay your advance early with no prepayment penalties.