Industry Insights5 min read
Security Deposit Alternatives: A Win-Win for Property Managers
Kasee Godwin
Security deposit alternatives are reshaping the rental landscape, offering a win-win for property managers and renters: lower move-in costs for residents and equal or better protection for the property.
Why residents prefer alternatives
- Lower upfront cost at move-in
- Predictable monthly fee instead of a large lump sum
Why operators benefit
- Higher application-to-lease conversion
- Same coverage as a traditional deposit
- Less cash to administer in escrow
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Originally published at qira.com.
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