Technology's Impact on the Resident Experience
Curious if anyone has struggled with handling security deposits when there are multiple roommates sharing a lease. In some cases, it seems that although one person might write the check for a traditional security deposit, the deposit has to be returned via check with EVERYONE on the lease. This makes them have to all sign the check and cash it together.
How are others handling this? Is there actually a law that requires the deposit be returned to...
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Chanin Ballance
Hi! Roost has a great solution for refunding roommate security deposits -- including legal consent management and each roommate can choose how they want their money -- Venmo, Paypal, Google/Apple Wallet, ACH, Debit, Check and more! joinroost.com
Casey Hingtgen
Hi Chanin - Thanks for the suggestion! How does Roost handle equal treatments laws? Is the deposit split evenly among all of the roommates when it's returned? What if only one person paid it upfront?
Chanin Ballance
Hi Casey, we'd love to partner with Whale for roommates. All roommates can allocate any way they want if they all e-sign and agree. It's a super simple flow and intuitive user experience. In addition, payment details are posted the the resident ledger for a complete record in the property management system. Let us know how we can help!
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19 MarEvent starts in:
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26 Mar
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