Does anyone have experience with security deposit alternatives such as Rhino?

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Topic: Does anyone have experience with security deposit alternatives such as Rhino?

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Alexandra Grimanis

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Does anyone have experience with security deposit alternatives such as Rhino? I would love to hear the pros and cons. Thank you in advance!!

Posted 2 years 7 months ago

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Rebecca Ann

I haven’t used Rhino. But I have used Jetty and deposit choice.
Not sure if rhino is the same

Posted 2 years 7 months ago

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Chad Christian

I have used Sure Deposit and Deposit IQ. Huge fan of Deposit IQ

Posted 2 years 7 months ago

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Rosa Duarte

Everyone loves Rhino

Posted 2 years 7 months ago

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Valerie Cosse' Lacy

We have been very happy with LeaseLock

Posted 2 years 7 months ago

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Val Hanke

Realpage!

Posted 2 years 7 months ago

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Vicki Hurley

We love Rhino!

Posted 2 years 7 months ago

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Vicki Hurley

Leaseterm solutions

Posted 2 years 7 months ago

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Lisa Trosien

Jetty

Posted 2 years 7 months ago

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Megan Joy

Lease lock

Posted 2 years 7 months ago

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Joei Reid Lemacks

Lease Protect

Posted 2 years 7 months ago

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Katrina Davis

Rhino is great!

Posted 2 years 7 months ago

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Diana Pittro

Jetty and SureDeposit.

Posted 2 years 7 months ago

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Stacy Shaw

We utilize Rhino. If you have any specific questions I would be happy to offer some feedback. I helped with the implementation and training our teams. I also monitor it monthly.

Posted 2 years 7 months ago

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Sherrie Kasprowicz

Flex deposit by Assurant. It is a surety bond system. Easy to use.

The prospective tenant applies for the surety bond prior to lease signing. Once approved (based on credit) the tenant pays a fee for the bond. The bond is good for 3 years and secures the security deposit obligations. If there are damages or applicable dues after vacating, the property would file a claim against the bond. The bond would pay the property back for the damages up to the required security deposit. Assurant would then seek those damages on their own from the tenant. Any damages above the required deposit amount/bond coverage amount are the responsibility of the property.

Posted 2 years 7 months ago

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Trisha Strickland Riley

We use Lease Lock.

Posted 2 years 7 months ago

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Bernadett Galliher

Rhino is great option and easy for office and customer

Posted 2 years 7 months ago

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Ariel Renee

Rhino is great! I oversee 7 properties and have it rolled out at 5. The only downfall to these deposit alternatives is relying on the staff to actually file a claim. They simply don’t do it. I think incentivizing Rhino collections is ideal. Because it’s really not much different than former resident collections. We pay our ACM’s 10% of former resident debt they collect. If you do something like this, I would also pay 10% of any Rhino collections so the team actually files the claims for reimbursement. But overall, the product itself is fantastic.

Posted 2 years 7 months ago

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Kiely Barrett

We use Jetty. Pros: we have fewer cancelations due to a high deposit requirement (our demographic doesn't typically have the best credit

), claims at move out are super easy and we typically get the check within a week or two. Cons: none that have anything to do with the product itself - I have to wait for the check before balances can be written off, so depending on the timing the delinquency suits on my books a little longer. This also can cause a blip in my financials because it makes it look like I collected that full balance because it hasn't been written off yet.

But again that's just timing of the move out combined with our write off policy, doesn't have anything to do with Jetty.

Posted 2 years 7 months ago

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Rae Gibbs

We just started using rhino but haven't had to use it yet.

Posted 2 years 7 months ago

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Does anyone have experience with security deposit alternatives such as Rhino?