Andrew Bowen Featured on the Real Estate Pros Podcast

LeaseLock Senior Vice President of Strategic Partnerships Andrew Bowen was recently featured on the Real Estate Pros podcast, where he discussed how modern lease insurance and deposit replacement solutions are reshaping risk management for multifamily operators, single family portfolios, and renters nationwide.

This episode provides a deep look into the operational and financial challenges facing rental housing providers today, as well as new data-driven insights that LeaseLock is bringing to the industry.

What Is Lease Insurance and Why It Matters for the Rental Housing Industry

During the podcast, Andrew explained why lease insurance has become an essential tool for owners and operators working to control bad debt, improve performance, and increase accessibility for renters.

He shared one of the most critical affordability insights driving the need for deposit replacement:

“Fifty nine percent of Americans cannot cover a thousand dollar unexpected expense. That makes traditional security deposits a barrier to housing.”

By replacing security deposits with a business to business insurance model, LeaseLock helps operators reduce friction in the leasing process and provides stronger protection for ownership.

How LeaseLock Lease Insurance Works

Andrew outlined how LeaseLock’s lease insurance differs from traditional deposit alternatives and why this operational model is gaining adoption across the rental housing sector.

Key Features of LeaseLock’s Lease Insurance

  • Underwrites the asset, not the individual renter
  • Provides consistent deposit replacement pricing per property
  • Increases bad debt protection up to 5x traditional deposits
  • Reduces upfront move-in costs for renters
  • Removes deposit liability and compliance risk from operators

By underwriting the asset rather than the resident, LeaseLock preserves the leasing team’s control, creates a seamless workflow inside the PMS, and ensures operators maintain predictable risk coverage.

Why Operators and Owners Are Adopting Deposit Replacement

Andrew highlighted several advantages that make lease insurance one of the fastest growing risk management tools in the rental housing industry.

Benefits for Owners

  • Higher coverage levels, often increasing protection from roughly $500 to $2,500 or more
  • Ability to recover 50 to 100 basis points in bad debt
  • Significant portfolio value lift due to improved risk outcomes

Benefits for Operators and Leasing Teams

  • Ability to market communities as zero deposit properties
  • Faster and smoother leasing workflows
  • No loss of control to third party underwriting platforms

Benefits for Renters

  • Lower upfront move-in costs
  • No waiting for a deposit refund
  • More accessible and predictable move-in experience

These combined benefits show why lease insurance is becoming a standard part of modern rental housing operations.

New Rental Housing Data Insights: Unfulfilled Leases and Early Risk Indicators

One of the most impactful sections of the interview centered on LeaseLock’s expanding role in rental housing data science.

Andrew shared new research on “unfulfilled leases,” which includes early move-outs, evictions, skips, and lease breaks.

“Across multiple markets we found over twenty percent unfulfilled leases over an eighteen month period. As a former operator I could not believe that number until we validated it.

This insight highlights a critical blind spot in rental housing budgeting and predictive modeling.

A New Leading Indicator of Risk

LeaseLock’s underwriting models also uncovered a surprising metric that appears to act as a sixty day leading indicator of unfulfilled leases:

  • Rising percentage of leases signed with concessions
  • Correlation across property types and markets
  • These early signals can help operators forecast risk exposure and make more informed renewal, pricing, and operational decisions.

Who LeaseLock Lease Insurance Is Designed For

Andrew clarified the ideal customer profile for operators considering deposit replacement or lease insurance programs.

Ideal Fit

  • Multifamily properties of 100 units or more
  • Single family operators on integrated management platforms
  • Ownership groups led by CFOs, Heads of Operations, and institutional investors

These stakeholders typically have the most to gain from enhanced bad debt protection and improved risk forecasting.

How Owners and Operators Can Get Started with Lease Insurance

Interest in lease insurance typically begins with an educational conversation. Because pricing is based on underwriting, LeaseLock tailors each proposal to the property’s risk profile.

Operators can connect through:

Final Takeaway: Lease Insurance Is Reshaping the Future of Rental Housing

Andrew Bowen’s appearance on the Real Estate Pros podcast highlights the accelerating shift toward smarter, data-driven risk management across rental housing. As deposit replacement becomes a new standard for owners and operators, LeaseLock is delivering both the financial protection owners need and the affordability today’s renters demand.

For anyone seeking to reduce bad debt, increase operational efficiency, or gain clearer visibility into portfolio risk, this conversation is essential listening.