When it comes to managing a rental property, reducing vacancy time and mitigating risk are top priorities. That’s why we offer a Deposit Waiver Program—a solution designed to streamline leasing while protecting your bottom line.
What Is the Deposit Waiver Program?
Instead of requiring a traditional, upfront security deposit, this program allows approved Residents to pay a small, non-refundable monthly fee. It’s a win-win: Residents benefit from lower move-in costs, and you still receive the financial protection you need.
Why Owners Love It
Here’s how the Deposit Waiver Program adds value for property owners like you:
- Market Appeal: Lower move-in costs widen your pool of qualified applicants and make your property more competitive in the market. More applications = fewer days on market.
- Comparable Protection: Residents enrolled in the program are covered up to 1.5x the monthly rent amount—the same level as our traditional deposit option.
- Increased Flexibility for Residents: Giving Residents the ability to choose between a traditional deposit or a waiver builds goodwill and increases application follow-through.
How It Works
- A Resident applies for your rental as usual.
- Upon approval, we offer both the traditional deposit and the waiver option.
- The Resident selects what fits their financial situation.
- If they choose the waiver, they move in with reduced upfront costs—while you’re backed by solid coverage.
Who Qualifies?
Most Residents who meet our standard screening criteria are eligible. Final approval depends on a full review of their application and background.
Why This Matters
The rental market is evolving. Today’s Residents are looking for flexibility and affordability—without sacrificing quality. The Deposit Waiver Program allows you to offer both, while still protecting your asset.
Have questions about how this program works?
Reach out to our team—we’re happy to walk you through it.
