In the eighth episode of Unscripted, Andrew Bowen, host and Senior Vice President of Strategic Partnerships at LeaseLock, tackles a provocative question: Are security deposits dead? Reflecting on a recent conversation with a multifamily executive, Andrew examines the evolution of security deposits, the challenges they pose for both operators and residents, and why they may no longer be the best solution in modern rental housing.
From the growing risks of bad debt and operational burdens to the barriers deposits create for prospective renters, Andrew makes the case for a new approach to eliminate deposits. He breaks down how this model provides better protection for owners, simplifies operations for teams, and removes financial obstacles for renters—creating a win-win solution for all parties. This episode is a must-listen for anyone looking to understand the future of risk management in multifamily.
About LeaseLock:
LeaseLock is the leading insurtech platform for multifamily housing, eliminating the need for security deposits and providing superior protection for both renters and property owners. With LeaseLock, renters experience a simpler move-in process, while operators achieve better protection, increased occupancy, and reduced administrative overhead. By transforming the rental housing model, LeaseLock is making renting better for everyone.
Learn more at LeaseLock.com.