Real estate software provider Yardi announced a new offer for clients to enhance the resident experience with an innovative alternative to traditional security deposits. Yardi has partnered with Obligo to simplify the security deposit process between property managers and residents.
“We are excited to partner with Obligo to make deposit collection easier for our clients and to streamline the renting journey for residents,” said Akshai Rao, president of residential at Yardi. “One of our main commitments at Yardi is customer experience. This new offering will not only help our clients grow their businesses, but also make the move-in process easier for many residents.”
Yardi clients can now offer residents a flexible security deposit option, allowing them to pay a fee instead of a one-time payment before move-in. This strategic partnership eliminates the need for traditional security deposits while maintaining full accountability for damages, the company said.
“By focusing on an API-first approach, Obligo is empowering our software partners to build a seamlessly integrated deposit alternative, as well as provide flexible payment and refund options for traditional deposits,” said Roey Dor, CEO and co-founder of Obligo. “We are thrilled to join forces with the Yardi team to help rid property managers and renters nationwide from the burden of security deposits.”
