WHY DEPOSIT AUTOMATION
Traditional cash deposits
aren’t going away
Most renters prefer refundable security deposits. They understand how they work and find them less costly than paying another non-refundable, monthly bill. Not to mention, all jurisdictions require them in some form.
Calculate ROIWHY DEPOSIT AUTOMATION
Traditional cash deposits
aren’t going away
Most renters prefer refundable security deposits. They understand how they work and find them less costly than paying another non-refundable, monthly bill. Not to mention, all jurisdictions require them in some form.
Calculate ROI
WHY DEPOSIT AUTOMATION
Traditional cash deposits
aren’t going away
Most renters prefer refundable security deposits. They understand how they work and find them less costly than paying another non-refundable, monthly bill. Not to mention, nearly all jurisdictions require them in some form.
Calculate ROI
Proven time & cost savings
100%
less time mailing refund checks & account statements
30%
less time on uncashed checks & unclaimed property
70%
less time responding to renter refund inquiries & changes
45%
faster refunds back to residents & their roommates
Centralize, reduce cost, and scale up
Free your accounting team from refunds
Save your site and accounting teams hundreds of hours. Outsource repetitive deposit management tasks to Roost so your team can focus on the business and resident experience instead.
Ensure jurisdictional compliance
Jurisdictional compliance is increasingly challenging. Roost turns high-risk, people-dependent workflows into an automated process to reduce the risk of fines.
Modernize and streamline your refund process
Whether your jurisdiction requires paper refund checks or residents can opt for direct deposit, Roost centralizes and automates all payment collection and refund issuance on your behalf.
Built in reminders improve forwarding address capture, resident refund check cashing and more. Spend less time managing returns and unclaimed property.
Guard against security deposit fraud
- Greater visibility of security deposit payments and refunds
- Audit logs and reporting
- Separation of duties
- Smart notifications and compliance alerts
- Identity verification and secure payment transfers
- Account balance verification and NSF protection built in
Faster, simplified accounting
Total visibility for greater control
Your PMS remains the system of record and all transactions post back to the general ledger. You’ll have the context you need to manage all transactions.
Easier month-ends
Eliminate manual work with Roost online deposit reconciliation. Detailed security deposit payments, refunds, beginning and ending operating balances are available online. Export and go.
Less bad debt and a better resident experience
Security deposit automation provides residents with the transparency, rewards and incentive to take care of their unit and get a full refund.
With fewer damages, you’ll reduce final account balances and bad debt. You’ll also prevent unpleasant surprises for residents and negative reviews for your property—residents know exactly how much refund they’re getting back and why.
