Yardi, a leading provider of real estate software for every portfolio size and type, has announced a new partnership with Obligo to enhance the resident experience by offering an innovative alternative to traditional security deposits.
The primary reason for this partnership is to streamline the security deposit process for both property managers and residents.
By eliminating the need for traditional security deposits, the partnership seeks to make the renting journey easier and more efficient.
Yardi provides comprehensive real estate software solutions that cater to properties of all sizes and types.
Its software helps property managers with various aspects of real estate management, including leasing, accounting, and marketing.
Obligo, on the other hand, focuses on providing a deposit-free rental experience. Its platform allows renters to pay a fee instead of a traditional security deposit, offering flexible payment and refund options.
This strategic partnership between Yardi and Obligo introduces a flexible security deposit option for Yardi clients.
Residents can now opt to pay a fee instead of a large, one-time payment before move-in. This innovative approach maintains full accountability for damages while simplifying the move-in process.
Additional benefits of this partnership include an API-first approach by Obligo, which empowers software partners to build a seamlessly integrated deposit alternative.
This integration also provides flexible payment and refund options for traditional deposits, making the process more efficient and user-friendly.
Yardi’s president of residential, Akshai Rao, expressed enthusiasm for the partnership, saying, “We are excited to partner with Obligo to make deposit collection easier for our clients and to streamline the renting journey for residents. One of our main commitments at Yardi is customer experience. This new offering will not only help our clients grow their businesses, but also make the move-in process easier for many residents.”
Roey Dor, CEO and co-founder of Obligo, shared similar sentiments, stating, “By focusing on an API-first approach, Obligo is empowering our software partners to build a seamlessly integrated deposit alternative, as well as provide flexible payment and refund options for traditional deposits. We are thrilled to join forces with the Yardi team to help rid property managers and renters nationwide from the burden of security deposits.”
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