Just because a tenant decides to use our unsecured ELLOC as an alternative to their security deposit, it doesn't mean they can’t afford a cash deposit. It simply means they’d like to hold onto that money in the short term. In addition, allowing prospect tenants to use unsecured ELLOCs is a great way to free up additional capital for your renter, which can then go toward a higher rent budget.
Why would I want a resident who can’t afford a traditional security deposit? Print
Created by: Jiovanny Restrepo
Modified on: Mon, Jun 17, 2019 at 1:18 PM
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