Obligo and AppFolio announced the launch of new flexible deposit alternatives, including Deposit-in-Installments and Reduced Deposit, tailored to meet the evolving needs of renters. This partnership allows renters to choose security deposit options directly within their online portal, enhancing financial flexibility.
Renters can now opt for a 'No Deposit' option if qualified, pay a 'Reduced Deposit' amount, or choose to split a full deposit into 'Deposit-in-Installments'. The traditional 'Full Deposit' option remains available for those who prefer it or are required to pay upfront.
For AppFolio's property managers, this integration with Obligo's API-first platform simplifies deposit management, aiming to reduce administrative work and bad debt. The new offerings are also expected to help fill vacancies faster and ensure full protection for property owners.
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