Yardi partners with Obligo

Real estate software company Yardi has partnered with Obligo, a NY-based startup offering an alternative to traditional security deposits.

Yardi clients can now offer residents a flexible security deposit option, allowing them to pay a fee instead of a one-time payment before move-in. The partnership eliminates the need for traditional security deposits while maintaining full accountability for damages.

Obligo isn’t the only provider in this category – over the years Yardi has partnered with LeaseLock, Rhino, Jetty, and ResidentShield.

“We are excited to partner with Obligo to make deposit collection easier for our clients and to streamline the renting journey for residents. One of our main commitments at Yardi is customer experience. This new offering will not only help our clients grow their businesses, but also make the move-in process easier for many residents.” – Akshai Rao, president of residential at Yardi.

“By focusing on an API-first approach, Obligo is empowering our software partners to build a seamlessly integrated deposit alternative, as well as provide flexible payment and refund options for traditional deposits. We are thrilled to join forces with the Yardi team to help rid property managers and renters nationwide from the burden of security deposits.” – Roey Dor, CEO and co-founder of Obligo.