Security Deposit Program
The #1 alternative to traditional security deposits - safeguard your portfolio while boosting resident satisfaction
Our integrations partners
Security Deposit Program
Rather than requiring renters to pay a security deposit in a lump sum at move-in, allow them the option to pay a nominal monthly fee (as low as $5/month).
The renter will keep their cash in their pocket, and Qira will assume all risk
If the renter does incur charges at move-out, Qira will pay those claims to our property management partners within 1-2 business days on the resident’s behalf
Settlement of those charges will be handled completely between the resident and Qira
If a renter would like to opt into a traditional security deposit program and pay a lump sum at move-in, Qira can easily manage this for your portfolio
How it works
Offer residents the option to pay their security deposit upfront or to opt to pay a small monthly fee. Let Qira assume the risk and responsibility on behalf of the renter.
Residents will be invited to sign up for the Security Deposit Alternative before moving in.
Residents will complete a brief eligibility questionnaire.
Upon approval by Qira, residents will set up their monthly payments.
Qira will notify the property that the resident is on Qira's Security Deposit Alternative plan & update their ledger.
Qira will promptly pay any outstanding damage claims to our property partners on the resident's behalf at the end of the lease.
Throughout the process, enjoy 24/7 support for property management partners and residents.
Industries we serve
Multifamily
owners, operators, and managers
Single family
owners, operators, and managers
FAQ
Do you offer revenue share opportunities?
Absolutely. We are happy to create a custom revenue share program; please contact our team to discuss this.
Why is Qira’s Security Deposit program better than my current system?
At our core, allowing renters to keep this large sum of money in their pockets is the right thing to do. From a business standpoint, helping renters with the upfront lease costs creates a faster move-in process. Qira assumes the risk to your property and gives you two times the coverage than a traditional security deposit.
How do I claim damages when a resident moves out?
Simply navigate to your property management portal and submit the information there.
How are damage disputes handled after a resident moves out?
The Qira collections team works directly with the resident to work through claims, disputes, and repayments.
Why would a resident not be approved for Pay Later or the Security Deposit program?
In the Pay Later and the Security Deposit programs, Qira moves the risk of loss from you and your property to Qira. As part of the Qira underwriting process, we created risk assessment models and operate based on these risk guidelines.
