Security Deposit Alternatives for Modern Renting
Replace traditional security deposits with a low monthly fee. Reduces move-in costs for residents while maintaining your financial protection against damages.
Lower move-in costs • Fast payouts • Higher retention
A Better Way to Handle Deposits
Eliminate the biggest barrier to leasing while keeping your properties fully protected.
Eliminate the Security Deposit Barrier
Help residents move in with ease by replacing traditional security deposits. Reduce financial hurdles and attract more residents while maintaining peace of mind.
Fast Payouts for Property Owners
Eligible move-out damage can be reimbursed up to the selected deposit amount, subject to the program terms and claims review.
Increase Resident Satisfaction
Lowering the move-in costs leads to a more positive rental experience, which can contribute to higher resident retention and satisfaction.
Coverage Without the Upfront Cost
Traditional deposits create barriers. Beagle’s alternative keeps residents happy and your properties protected — with fast payouts when you need them.
Revenue from Every Lease
Earn a share of the monthly fee collected from residents who opt into the deposit alternative. Revenue scales automatically with your portfolio.
Instant Setup, Zero Fees
No onboarding costs, no contracts, no hidden fees. Launch the program across your portfolio in minutes and start earning immediately.
Faster Lease-Up Rates
A monthly option can make move-in costs easier to manage. Residents can choose a traditional deposit if they prefer.
Protection for the Selected Deposit Amount
The monthly fee is nonrefundable and does not insure the resident or their belongings. If a resident causes damage at move-out, you’re reimbursed up to the full deposit amount through the waiver program.
Frequently Asked Questions
Common questions about security deposit alternatives for property managers.
Instead of paying a traditional lump-sum security deposit at move-in, residents pay a small monthly fee throughout their lease. This fee funds a waiver program that covers the property manager for damage up to the full deposit amount, while dramatically lowering the financial barrier for residents.
Security deposit rules by state
Whether you can require a deposit alternative, or have to offer it as a choice, is set by the state. No state we have read lets you require it. Four say it must be the resident’s choice. Most have no rule on it at all, which leaves the question to your own attorney.
Products That Facilitate Property Management
Beagle products work even better together
Turn Compliance Into a Revenue Stream
A master liability policy that protects property owners from tenant-caused damage. Beagle handles enrollment, billing, and compliance monitoring automatically.
Lower Move-In Barriers, Keep Full Protection
Replace traditional security deposits with a low monthly fee. Reduce move-in costs for residents while maintaining your financial protection against damages.
Open Your Portfolio to Pet Owners
Cover property damage caused by pets and dog bite liabilities. Attract pet owners without increasing risk to your portfolio.
Your Benefits, Your Markup, Your Revenue
Beagle never takes a cut of your revenue: you keep 100% of the markup on every benefit you offer. Set your own pricing and build a new profit center for your portfolio.
Own the Insurance You Already Pay For
For organizations with seven figures of annual premium: retain more of your own risk and participate in the underwriting profit instead of leaving it with an outside carrier.