The deposit is used towards the placement fee.
We invest significant resources up-front to find a quality resident for your home quickly, including getting your home rent-ready and preparing it for effective marketing. To that end, we ask our owners to provide a deposit towards their placement fee up front to cover some of the initial costs.
Ultimately, a leasing deposit is merely a commitment to the process and resources expended by us to market your home to achieve the best qualified tenant at the highest market rent in the shortest period of time. This is not an additional fee, and simply credited toward the placement fee when earned.
If we are unsuccessful in placing a resident in your home within 90 days and you have followed our rent recommendations, we are happy to refund this leasing deposit and remove your home from our management.
Learn more about placement fees.