Items Tagged with 'Security deposit alternatives'

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  • Renter-focused insurance startup Jetty raises $25 million

    Offers renters insurance, security deposit insurance, lease guaranty
    Jetty, a renter-focused insurance startup, announced this week that it raised $25 million to grow its business. In addition to offering renters insurance directly to renters, Jetty also partners with property managers and landlords to offer renters insurance directly through the property. The company also offers a security deposit alternative and a lease guaranty option that are facilitated through its partnerships with property managers.
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  • Security deposit alternatives gaining ground in rental industry

    Changing regulatory climate, burdensome bad debt and increased efficiency are all reasons property managers eschewing traditional security deposits
    Property managers are turning to security deposit alternatives as a way to mitigate bad debt, get ahead of regulatory trends and increase efficiency. A security deposit alternative is essentially the replacement of a standard security deposit with a one-time premium that covers losses in the event that a resident leaves a unit in shambles or walks out on his or her lease prematurely.
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