Security Deposit Alternatives
Tackle bad debt, get ahead of regulatory laws and increase efficiency.
Multiple solutions. Unlimited benefits.
Our deposit alternative solutions allow you to protect against lost rent and damages, advertise lower move-in options, and reduce bad debt without losing leases from high security deposits.
DepositIQ
DepositIQ replaces the upfront security deposit and lets you offer residents the option of purchasing an affordable one-time, non-refundable surety bond that guarantees lease obligations instead.
Obligo
Obligo replaces cash deposits with a non-insurance solution that lowers move-in costs, speeds up leasing, and provides rapid ACH payouts at move-out—no claims or delays.
Marketing & leasing benefits:
- Drive more traffic to your community
- Eliminate security deposits
- Reward your best-quality applicants
- Lease units faster
- Increase closing ratios
- Use in parallel with existing deposits or standalone
- Share a seamless experience and real-time data with OneSite® integration
Marketing & leasing benefits:
- Reduce bad debt
- Improve cash flow and NOI
- Decrease time and cost of administering deposits, claims, and collections
- Increase lease renewals
Marketing & leasing benefits:
- Reduce move-in costs
- Avoid additional credit checks
- Keep more cash in-pocket for rent increases, living expenses, and more