Renteero: better tenancy deposit alternative
As simple as checking into a hotel.
Final charges are paid out automatically.
Tenants keep cash throughout the lease.
Renteero is the alternative to cash deposits that makes a difference for you and your tenants. By placing a pre-authorization on the tenant’s account through our open banking technology, trust is established, without needing to accept cash, take on new risk, or sacrifice customer accountability.
Tenants keep cash throughout the lease.
Final charges are paid out automatically.
Tenants keep cash throughout the lease.
To qualify for Renteero, we require tenants to enable a secure Billing Authorization for the deposit amount through our open banking technology. In exchange for a small monthly fee, we can continuously monitor and guarantee that a tenant would have the ability to repay any end-of-tenancy charges.
Final charges are paid out automatically.
Final charges are paid out automatically.
Final charges are paid out automatically.
Our secure Billing Authorization then enables owners and managers to charge renters up to the established deposit amount at the end of their lease. Renteero will initiate the payment to owners immediately, and then collect the amount from the tenants.
The smart choice to reduce your property risk
Streamline the leasing operations
Eliminate security deposit management and stay protected with our fully integrated solution. No need for multiple workflows.
Easily Boost Your Bottom Line
Accelerate the leasing process with a flexible deposit alternative, that attract renters, boost retention, and optimize your ROI
Power a better tenant experience
Slow security deposit refunds lead to bad online reviews. Accelerate your deposit refunds, and improve your tenants’ renting experience.
Why considering a deposit alternative?
feeling safe is a must.
There are very good reasons why property owners require security deposits. Maintaining protection against damages and unpaid rent is the obvious reason, but deposits also allow landlords to screen and establish accountability with renters – they now have skin in the game.
Not as easy as we think.
Many renters are surprised to learn that landlords aren’t big fans of deposits. Accepting, processing, and refunding deposits is a burdensome administrative process, made even more complicated due to ongoing regulatory changes.
Re-imagining how we rent.
At Renteero, we believe that the purpose of a security deposit alternative is not to offer an exemption for damages, unpaid rent, or unqualified renters. Our role as a open-banking powered deposit alternative provider is just the opposite: to qualify a renter for deposit-free living and maintain that renter’s accountability.
A win-win game for everyone.
For Renters: More cash in the pockets
we unlock the cash that would otherwise be tied up in escrow accounts so they can save, invest, or pay down debt.
For Owners: More protection, for less hassle
we provide security while maintaining accountability, strengthening your relationship with your renters, eliminating administrative work, and increasing your NOI.