In Episode 8 of Unscripted, LeaseLock SVP Andrew Bowen asks a bold but necessary question: Are security deposits still relevant in multifamily housing? Drawing from a candid industry conversation, Andrew explores why deposits may be doing more harm than good for both operators and residents in today’s market.
From the operational strain of managing deposits to the financial roadblocks they create for renters, Andrew unpacks the legacy challenges of traditional leasing. He then outlines a forward-thinking approach: eliminating security deposits altogether.
In this solo episode, you’ll learn:
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Why security deposits are losing favor with modern operators
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The hidden costs of managing deposits (bad debt, staff burden, inefficiencies)
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How eliminating deposits improves risk management, rent collections, and resident experience
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What a zero deposit leasing model looks like in action
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How operators can reduce delinquency and increase NOI
This is essential listening for multifamily executives, property managers, and real estate investors seeking a more resident-friendly, tech-enabled approach to rental housing.
