Rental Real Estate Security Deposits can now be completed online in Massachusetts with SecurityDeposits.com
PRLog - April 29, 2015 - BOSTON -- Boston-based real estate technology startup RentClaw, Inc. has launched SecurityDeposits.com in Massachusetts. SecurityDeposits.com simplifies the rental real estate security deposit process with an online platform for landlords and tenants.
The process for a landlord to collect and manage a security deposit has a number of steps and requirements from specifying the type of bank account to the way deductions are documented to the timing of notifications. Inspired by the lack of a simple solution for rental security deposits, a group of real estate investors joined forces with a technology team to create one.
“Many landlords don’t collect security deposits because the rules are complex and the traditional security deposit process often requires multiple in person visits to a bank. Our security deposit solution eliminates both the hassle and the risk. You can sign up and complete a security deposit online today,” says James Lebowitz, founder and CEO of SecurityDeposits.com.
Rental real estate security deposits offer protection to landlords in the case of damages to their property or unpaid rent by tenants. For the protection of the tenants there are a number of rules that must be followed. SecurityDeposits.com manages those requirements with an easy to use online solution.
Rules for security deposits vary from state to state. SecurityDeposits.com will be adding the rest of New England over the next months and anticipates being available nationwide by the end of 2015.
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Boston Real Estate Startup Launches SecurityDeposits.com
April 29, 2015 at 09:46 AM EDT
