Deposit Alternative
Security deposit alternative
In short
Qira's deposit alternative lets residents move in with a small monthly fee instead of a large upfront deposit, while the property keeps the same coverage. The result: more leases close, less cash to administer, and the same protection at move-out.
A security deposit alternative is a product that replaces the traditional upfront cash deposit with a smaller recurring fee or one-time payment, while the property retains coverage equivalent to a deposit. Qira underwrites residents and covers eligible damages and unpaid rent at move-out.
Who it's for
- Multifamily operators trying to lift application-to-lease conversion
- Communities competing for Gen Z and millennial renters
- Operators centralizing deposit operations
Problems it solves
- High upfront move-in cost causing applicant drop-off
- Cash deposits that strain operations and reconciliation
- Inconsistent resident experience across the portfolio
How Qira helps
Lower upfront cost for residents
Residents see a clear, smaller monthly fee in place of a large lump-sum deposit — making the unit easier to choose.
Same coverage for the property
Eligible damages and unpaid rent are covered at move-out, just like with a traditional deposit.
Higher conversion at lease
Operators on Qira regularly see meaningful uplift in application-to-lease conversion — modeled in our ROI calculator.
Resident-friendly enrollment
Residents enroll in seconds inside the portal — no underwriting paperwork for your on-site team.
Frequently asked questions
Related
Ready to see it?
See Qira in action
We'll walk through deposits, rent, and move-outs on your portfolio data — and show how Qira fits with your current PMS.
Book a Demo