Fintech company Obligo has named the recipients of its inaugural 2020 Renter’s Trust Awards, honoring the property management companies ranked by renters’ sentiment.
The following recipients were awarded: Beam Living – StuyTown/Peter Cooper Village, Common, Olshan Properties, Amsterdam Properties, Adam America, Venn, Roomrs, RentWerx, The Realty Medics, Asset Hero Property Management, Partners Real Estate and Landmark Communities.
The recipients were selected after meeting several criteria. Obligo uses Open Banking technology and AI to facilitate a trusted relationship between landlords and renters by ridding both parties of security deposit burdens. As Obligo reconciles the balance owed at move-out, it also asks renters to record their sentiment for each security deposit deduction. This data point was selected as the primary award criteria because it best represents the level of trust between property owners and renters. Renter sentiment was recorded for each renter who experienced a deduction during, or at the end of, their initial lease term. Renters who experienced no charge, or who chose to renew their lease, were also factored into the score. To qualify for the award, the percentage of renters with a negative sentiment (one to two stars out of five) had to be below 15% for Single-Family operators and 10% for Multifamily operators. For statistical quality, only operators with over 12 months of activity across at least 200 units on the Obligo platform were considered.
“Removing friction from the move-in and move-out process is an important part of our mission at Obligo. We’re honored to present our Renter’s Trust Awards to this exceptional list of partners and expect that many of this year’s new partners will receive it next year,” said Roey Dor, co-founder and CEO at Obligo. “Our recent $15.5M funding round will hopefully enable us to accelerate our growth and rid more landlords, renters and property managers from the burden of security deposits.”
