Zonda - Resource Library

Faced with constantly changing legislation and renter affordability issues, multifamily operator Avenue5 Residential, found security deposits and their alternatives to be a suboptimal practice that left their properties exposed to risk and added extra work for their teams. In effort to solve these issues, the operator selected LeaseLock as its exclusive national vendor to replace deposits portfolio-wide.

With LeaseLock's fully integrated lease insurance, Avenue5 gained stronger loss protection, alleviated administrative burdens for property teams, and created more affordable move-ins for their residents.

Download the case study to get the full scoop on Avenue5's decision-making process and performance outcomes.

Site team workload is central to property management companies' thinking about the processes they could implement to improve operations. Security deposits have been around in the multifamily industry since time immemorial, but they have increasingly become a suboptimal way of doing business.

This white paper will discuss the failures of deposits, and how replacing them with insurance reduces workload for property teams, improves customer experience, and boosts financial performance.