We Build Software—Powered By Insurance

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We entered the enterprise multifamily market in 2016 and looked a lot like all the existing deposit solutions on the market. We quickly learned three things:

1. Depending on leasing staff to sell a product results in failure
2. Any action living outside standard software-driven workflows results in failure
3. Deposit alternatives suffer inherent adverse selection and result in failure

Fast forward to 2020, add $25 million in venture capital, a world-class team of engineers, data scientists, and insurance experts—and a product strategy based on software deployed deep into the fabric of property management systems to solve for the fail points above—this is what you get:

1. A seamless experience for residents built into the online leasing checkout
2. Effortless deployment for onsite teams through native software workflows
3. Deposits automated out of entire portfolios embedding $5000 coverage on every lease

We've grown up. We've evolved. We're building software-based solutions. We're elevating our multifamily clients to ask a bigger question:

"Do I want to be in the deposit business next year?"

My best,

Derek Merrill—CEO & Founder, LeaseLock

Business Wire: LeaseLock Deploys Zero Deposit? Software Platform