THE PROPERTY MANAGER’S GUIDE TO SECURITY DEPOSIT SOLUTIONS

Find the right partner to help you move in residents, decrease bad debt and manage deposits transparently

What to look for when it comes to:

  • Deposit management tools for you and your residents
  • Bad debt and cost reduction
  • Resident experience
  • Claims processing
  • And more

Reduce risk and improve profitability.
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Choosing a Deposit Solutions Partner

Alternatives to cash deposits are increasingly becoming part of the property management landscape. While not a new issue, the COVID-19 pandemic exacerbated the worrisome financial burden that security deposits have become for many residents trying to move into multifamily housing properties. As a result, state and municipal governments have recognized the challenges of large cash deposits for residents, and are considering, or have already passed, legislation requiring property managers to offer residents alternative ways to secure housing.

In some locations, legislation may require property managers to provide deposit alternatives. In other locations, property managers will need to adopt alternatives simply to keep up with the competition.

We created this guide using insights based on more than 2 million renters, our work with 7 of the top 10 property management companies and Assurant’s 30 years of experience in the multifamily housing industry. So, whether you worry about increasing occupancy, managing bad debt or providing a premium resident experience, you’ll know what to look for in choosing the right partner As you go through the evaluation process, you can schedule a free consultation with our multifamily housing experts at any time.