We are excited to partner with Rhino to offer a security deposit alternative. This is a great solution if you want to avoid paying the deposit up-front.
It is great for residents and landlords. Residents have the choice to keep that deposit money for other uses. Landlords are still offered the protection for an extremely expensive asset they are trusting the residents to live in.
How does the Rhino security deposit alternative work?
Rather than paying the full security deposit up front, you would sign up for a Rhino policy, which is a security deposit insurance policy. Often, the amount of the policy is less than the amount of the regular security deposit. With Rhino, you have the option of making payments in monthly installments rather than paying the full deposit prior to move-in.
A few highlights:
In order to get a quote, your application must be approved and we must send you an invite.
It only takes about 1 minute to get a quote.
The monthly payment is non-refundable.
1/2 of pet deposits, if applicable, can be included in the quote.