The Government is looking for someone to manage thousands of affordable homes. An unexpected candidate has emerged: Rental Insurance

The State already has a ‘girlfriend’ for its affordable rental housing. Barely a month and a half after the SEPES put out to tender a contract to find companies interested in managing its public park of rental apartments, a large pool of 17,300 propertiesthe Ministry of Housing already knows of at least one interested firm. Of course, one that perhaps Isabel Rodríguez’s department did not have: Seguro Rent, the same company that the Ministry of Consumer Affairs wants to impose a fine of 3.6 million for violation of rights.

Those responsible for the company they advance that they have all the requirements included in the tender and boast of their “experience and training.”

Manager wanted. To understand the case we must go back to December 1, when the SEPES (shortly after converted into HOUSE47) launched a tender which probably whetted the appetite of more than one real estate agency.

The contract in question amounted to a total of 55.4 million of euros (not including VAT) and was basically looking for companies interested in assuming for two years the “comprehensive management of the leasing of the public housing stock for affordable rentals.” In total, the tender covers 17,324 homes spread throughout the country, although to facilitate contracting it was divided into lots. Specifically, four were created for different regions, with between 1,600 and 5,700 houses.

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A name: Rental Insurance. The announcement was posted on the Public Sector Procurement Platform and companies had just over a month, until January 8, to present their offers. At the moment at least the name of one is known: Rental Insurancea firm dedicated to leasing management that boasts of having managed more than 75,000 contracts.

Specifically, the company aspires to become with one of the four lots tendered by the State, the first, which covers 1,661 homes located in Galicia and Asturias. In exchange for its management, SEPES (now CASA47) offers about 6.5 million.

The company of course defends its resume to win the contract. “Alquiler Seguro has the experience and training required to take charge of the comprehensive management of the rental fleet, as it has been doing for more than 19 years with the more than 28,000 contracts it currently manages throughout the country,” has claimed the signature itself on a note.

Bragging about history. The company does not stop there. In addition to highlighting his experience managing house rentals (including public protection), he remembers the agreements and collaborations he has had with firms such as YourTECHÔ and First Hfocused on access to housing for vulnerable people. On its website the agency presume also from its office network, with more than 50 points spread throughout the country, and its portfolio of tens of thousands of properties.

Why is it news? Because Rental Insurance not only stands out for its greater or lesser experience. Beyond the criticism that you have received from entities such as the Madrid Tenants Union, the OCU either FACUAthe company it was news recently for a proposed million-dollar fine.

In December, the Ministry of Consumer Affairs imposed a fine of around 3.6 million euros on it for violating user rights and taking advantage of its position of strength in the market. At least in December, when the news brokethe resolution was not yet final and the company was advancing its intention to appeal. During the investigation he had already presented more than a dozen allegations.

Questionable practices. In the file, advanced by Cadena SERdetailed practices that were at least controversial, such as forcing tenants to take out insurance, being responsible for charges for non-payments or claims or paying for a ‘Tenant Service Service’. Not only that. The file also details the obligation for the tenant to accept being included in a file of defaulters. Your practices already FACUA denounced them at the end of 2023.

When SEPES launched its tender insisted in the profile of the company that is seeking to run the public affordable rental park: “Management will be carried out from social commitment and not only based on economic criteria. For this reason, one of the services that the successful bidder must provide consists of the prevention, detection and early attention of situations of risk of loss of housing.”

Images | The Moncloa, Rental Insurance and FACUA

In Xataka | The Great Rental Review is not going to be a joke for millions of Spaniards: more than 4,000 euros more per year

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