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.