Cities and states across America are passing legislation allowing renters low-cost alternatives to upfront security deposits. Learn about this new legislation and what it means for property owners nationwide.
While changing your security deposit process may feel burdensome, alternatives like security deposit insurance can actually yield positive results to your bottom line. Renter’s Choice can create wider applicant pools for leasing teams, and adopting security deposit insurance options can help properties fill vacancies faster while reducing the administrative burden of managing cash deposits.
Download this guide to learn three different ways that owners and managers nationwide can satisfy Renter’s Choice requirements:
- Offer deposit insurance
- Collect monthly payments
- Adhere to new collection limits