# Obligo Alternatives for Property Managers > Obligo alternatives for property managers, sorted by how each one replaces the cash deposit: surety bonds, deposit insurance, or a deposit platform. Canonical: https://webpossible.com/property-management-software/security-deposit-alternatives/obligo-alternatives/ Source: https://webpossible.com/property-management-software/security-deposit-alternatives/obligo-alternatives/ Format: Markdown version for AI agents. The canonical HTML page is at the source URL above. Last verified: 2026-11-05 --- Property Management Software · Security Deposit Alternatives # Obligo Alternatives for Property Managers By Ryan York · last verified 2026-11-05 ## Short answer - **Obligo is neither insurance nor a bond.** It draws on a billing authorization backed by bank letters of credit, pays you without a claims step, and caps charges at the deposit amount. - **Most alternatives put a third party on the hook.** Surety bonds and deposit insurance pay your claim, and most then collect it from the resident. - **Check your PMS first.** Obligo names Yardi, RealPage, Entrata, AppFolio, Buildium and MRI. On Rent Manager, look at Qira, Leap and Beagle. 12 alternatives to Obligo in Security Deposit Alternatives, from the shared vendor database, with sources and verification dates. | Vendor | What it is | Pricing model | PMS integrations | Segments | Verified | | --- | --- | --- | --- | --- | --- | | [Beagle](/vendors/beagle/) | Beagle, a Corgi company: renters insurance compliance for property managers plus resident programs (tenant liability waivers, contents protection, security deposit alternatives, pet liability), now expanding into landlord and commercial property insurance. [source](https://www.joinbeagle.com/blog/beagle-expands-into-commercial-insurance) | Renters Kit: published starting base cost $5/month per tenant; the manager sets the resident price and the proposal confirms the package [source](https://www.joinbeagle.com/renters-kit) | [Yardi](/property-management-software/integrations/yardi/), [Rent Manager](/property-management-software/integrations/rent-manager/), [Rentvine](/property-management-software/integrations/rentvine/) [source](https://www.joinbeagle.com/faq) | Single-Family Rental, Small Multifamily | 2026-11-05 | | [RealPage Insurance Solutions](/vendors/realpage-insurance-solutions/) | RealPage's resident insurance programs: eRenterPlan resident policies, RealCoverage certificate and cancellation tracking, AssetProtect master policy, and Policy Validator for third-party proof of coverage. [source](https://www.realpage.com/insurance/) | Not published; ask for the per-unit figure and the minimum. | [RealPage](/property-management-software/integrations/realpage/) [source](https://www.realpage.com/insurance/) | Institutional Multifamily, Single-Family Rental | 2026-11-05 | | [ePremium Insurance](/vendors/epremium/) | Renters insurance program sold through partnered property management companies at partner rates for multifamily and single-family rentals; also sells the eDeposit security deposit alternative. [source](https://www.epremiuminsurance.com/) | Resident-paid policies priced by location; not published [source](https://www.epremiuminsurance.com/) | Not published | Institutional Multifamily, Small Multifamily, Single-Family Rental | 2026-11-05 | | [Jetty](/vendors/jetty/) | Jetty Deposit replaces the cash security deposit with low-cost surety bonds written on State National Insurance Company paper (National Specialty in Florida); residents pay monthly or once, and Jetty recovers any claim it pays from the resident. Jetty also sells Jetty Protect renters insurance and has joined forces with Rhino, now serving over 6 million units. [source](https://www.jetty.com/properties/jetty-deposit) | Jetty Protect renters insurance is resident-paid from $5/month; property-side pricing not published [source](https://www.jetty.com/renters/jetty-protect) | Not published | Institutional Multifamily | 2026-11-05 | | [LeaseLock](/vendors/leaselock/) | Lease insurance (Zero Deposit) that replaces the cash security deposit and offsets the owner's bad-debt risk, offered as an amenity and integrated with existing PMS; Dallas-based, $17B+ in leases secured, with customers quoted including Avenue 5, ResProp Management and Strata Equity Group. [source](https://leaselock.com/) | Not published; ask for the per-unit figure and the minimum. | Not published [source](https://leaselock.com/how-it-works/) | Institutional Multifamily | 2026-11-05 | | [TheGuarantors](/vendors/theguarantors/) | Lease guarantee (Rent Coverage) with optional Deposit Coverage, a surety-bond security deposit alternative, plus renters insurance; serves multifamily, single-family rentals, student housing and independent owners; 4M+ units enrolled. [source](https://www.theguarantors.com/) | Usually resident-paid; Deposit Coverage is a one-time fee active for the life of the tenancy, while Rent Coverage renews with each lease; the landlord may pay on the renter's behalf; figures not published [source](https://www.theguarantors.com/solutions-single-family-rentals) | [Yardi](/property-management-software/integrations/yardi/), [Entrata](/property-management-software/integrations/entrata/) [source](https://www.theguarantors.com/pmsi) | Institutional Multifamily, Single-Family Rental, Student Housing, Small Multifamily | 2026-11-05 | | [Qira](/vendors/qira/) | Deposit platform combining escrowed cash-deposit management (FDIC-insured FBO accounts) with zero-deposit and installment alternatives, rent payments and automated move-out claims and refunds; 1,200+ property teams. [source](https://www.qira.com/) | Not published; ask for the per-unit figure and the minimum. | [Yardi](/property-management-software/integrations/yardi/), [RealPage](/property-management-software/integrations/realpage/), [Rent Manager](/property-management-software/integrations/rent-manager/), [ResMan](/property-management-software/integrations/resman/) [source](https://www.qira.com/integrations) | Institutional Multifamily, Small Multifamily, Single-Family Rental | 2026-11-05 | | [Rhino](/vendors/rhino/) | Rhino's deposit platform, now sold as Greenlight Rent: Rhino and Jetty describe themselves as one company with one name. Greenlight Deposit is an insurance-based security deposit alternative, sold alongside Greenlight Guarantee (guarantor replacement), Greenlight Bridge (job-loss rent cover) and cash deposit management; 3M rental units, used by 47 of the top 100 owners and operators. [source](https://www.greenlightrent.com/about) | Resident-paid premium in place of a cash deposit, priced per renter (monthly plans not available to every renter); no cost to the partner property; renters stay responsible for excessive damage or unpaid rent; figures not published [source](https://www.greenlightrent.com/partners) | Not published | Institutional Multifamily | 2026-11-05 | | [SureDeposit](/vendors/suredeposit/) | Assurant-owned surety-bond alternative to the cash security deposit, enrolled by residents at participating apartment communities; operating since 2000 with hundreds of thousands of units under agreement. [source](https://suredeposit.com/public/default.aspx) | Resident-paid one-time, non-refundable bond payment that covers the life of the residency; the resident must reimburse the surety for any claim paid; amount not published [source](https://mysuredeposit.com/faq) | Not published [source](https://suredeposit.com/public/default.aspx) | Institutional Multifamily | 2026-11-05 | | [Leap](/vendors/leap/) | Deposit replacement program that lets renters pay a monthly fee instead of an upfront security deposit, offered to rental operators alongside Leap's rent guaranty coverage. [source](https://leapeasy.com/for-operators/) | Resident-paid, non-refundable monthly fee billed with rent in place of a deposit; the amount is set per property and not published. Leap invoices the property monthly for active policies [source](https://leapeasy.com/wp-content/uploads/2026/04/Leap-Deposit-Replacement-Guide-4.16.26.pdf) | [Entrata](/property-management-software/integrations/entrata/), [Rent Manager](/property-management-software/integrations/rent-manager/) [source](https://leapeasy.com/for-operators/) | Single-Family Rental, Institutional Multifamily, Student Housing | 2026-11-05 | | [LeaseGuard](/ai-shortlist-index/renters-insurance-programs/leaseguard/) | Insurance compliance programs for property owners and managers: LeasePro tenant legal liability under a master policy applied automatically to non-compliant residents, renters insurance, coverage verification and monitoring, and the DepositPro insurance-based security deposit alternative. [source](https://www.leaseguard.com/) | Not published; ask for the per-unit figure and the minimum. | Not published | – | 2026-11-05 | | [Deposit Choice](/ai-shortlist-index/security-deposit-alternatives/deposit-choice/) | Surety bonds that renters buy in place of a cash security deposit at participating multifamily communities, underwritten by national insurance companies, with residents still responsible for unpaid rent and damages. [source](https://www.depositchoice.com/en/) | Not published; ask for the per-unit figure and the minimum. | Not published | Institutional Multifamily | 2026-11-05 | Obligo is the security deposit alternative that is neither insurance nor a surety bond. The resident authorizes charges up to the deposit amount, bank letters of credit back the program, and Obligo pays you at move-out without a claims step. Managers look elsewhere when they want a third party to carry the risk, a higher limit than the deposit, or a vendor that names their PMS. This page sorts the other vendors in the [security deposit alternatives category](/property-management-software/security-deposit-alternatives/) by how each one replaces the deposit. ## How does Obligo work? [Obligo](/vendors/obligo/) keeps a billing authorization on the resident’s payment method. Its [FAQ](https://www.obligo.com/faq) names letters of credit from Wells Fargo behind the program, and an [Obligo post](https://www.obligo.com/blog/obligo-expands-letter-of-credit-program-for-residential-security-solutions-with-hsbc-as-provider) says HSBC joined as a provider in September 2026. At move-out there is no claim to file. Once you close the move-out record, Obligo starts an ACH payment to you for damage or missed rent, up to the authorized amount. The resident then repays Obligo in a lump sum or in interest-free installments. The renter pays a non-refundable fee, a percentage of the deposit set by the renter’s profile and usually paid up front for the lease term. Obligo says the property pays nothing. Renters choose no deposit, a reduced deposit, installments, or a full deposit that earns up to 2 percent interest. ## Why do managers look past Obligo? Three reasons come up, and each one points to a different kind of alternative. 1. **The cap.** Obligo charges only up to the deposit amount it replaced. Damage beyond that is the resident’s debt to you, as it would be with cash. Some insurance products let you set a higher limit. 2. **The PMS.** Obligo’s [software-partner page](https://www.obligo.com/for-software-partners) names Yardi, RealPage, Entrata, AppFolio, Buildium and MRI. Rent Manager, Rentvine and Propertyware are not on it. 3. **Who carries the risk.** Obligo’s money comes from the resident in the end. An owner who wants a bonded or insured third party on the hook needs a different instrument. ## Which alternatives are surety bonds? A surety bond guarantees the resident’s obligations. The surety pays your claim and then collects from the resident. - **[Jetty](/vendors/jetty/)** sells Jetty Deposit, a surety bond on State National Insurance Company paper. Residents pay monthly or once, and Jetty recovers claim payments from them. Jetty and Rhino are now one company, and the [comparison of their two deposit products](/property-management-software/security-deposit-alternatives/jetty-vs-rhino/) covers both. - **[SureDeposit](/vendors/suredeposit/)** is Assurant’s program, issued by American Bankers Insurance Company of Florida. The resident makes one non-refundable payment that covers the residency and reimburses the surety for any claim. - **[TheGuarantors](/vendors/theguarantors/)** sells Deposit Coverage as an option on its lease guarantee. It is a one-time fee that lasts the tenancy, and the landlord may pay on the renter’s behalf. - **[Deposit Choice](/ai-shortlist-index/security-deposit-alternatives/deposit-choice/)** sells surety bonds at participating multifamily communities, with residents still responsible for unpaid rent and damage. - **[RealPage](/vendors/realpage-insurance-solutions/)** sells its own DepositIQ surety bond and also resells Obligo, according to its [deposit alternatives page](https://www.realpage.com/resident-services/security-deposit-alternatives/). Both share data with OneSite. ## Which alternatives are insurance? Insurance products pay a covered loss under a policy. Whether the resident then owes the insurer depends on the product, so ask. - **[Rhino](/vendors/rhino/)**, now sold as Greenlight Rent, places Greenlight Deposit with carriers it does not name. The renter must reimburse approved claims, and Greenlight advertises a four-day claims process. - **[LeaseLock](/vendors/leaselock/)** sells lease insurance it calls Zero Deposit. Its [lease insurance page](https://leaselock.com/lease-insurance/) says there is no subrogation, and residents stay responsible for final charges at move-out. - **[Leap](/vendors/leap/)** replaces the deposit with a monthly fee billed with rent. Its operator guide says claims pay only after you regain possession and must be filed within 120 days of the default. - **[LeaseGuard](/ai-shortlist-index/security-deposit-alternatives/leaseguard/)** sells DepositPro, which it describes as an A-rated insurance policy with up to twice the monthly rent in coverage, available only to its partners. ## Which alternatives are not coverage at all? Three vendors keep the deposit decision closer to you, the way Obligo does. - **[Qira](/vendors/qira/)** holds cash deposits in FDIC-insured accounts in the property’s name. It also offers zero-deposit and installment options, and says it covers eligible damage and unpaid rent at move-out. - **[Beagle](/vendors/beagle/)** offers a non-refundable monthly option with a limit from $500 to $6,000, per its [deposit page](https://www.joinbeagle.com/insurance-programs/security-deposit). Beagle says it is not insurance for the resident. - **[ePremium Insurance](/vendors/epremium/)** sells eDeposit, a protection certificate rather than an insurance policy. A resident must first buy ePremium renters insurance to get it. ## How do you choose an Obligo alternative? Pick the instrument before the vendor. A bond or a policy moves the risk to a third party. Obligo, Qira and Beagle keep it closer to you and the resident. Then filter by PMS with the table above or the integration pages for [Rent Manager](/property-management-software/integrations/rent-manager/) and [Yardi](/property-management-software/integrations/yardi/). In the demo, ask each vendor: 1. Is this insurance, a surety bond, or something else, and does the resident owe you the money after a claim? 2. What is the coverage limit, and can it exceed the deposit it replaces? 3. How long does a claim take to pay, and what proof do you need? 4. What does the resident sign, and has your counsel read it for your state? 5. Can you show enrollment and a move-out charge posting in our PMS? Head-to-head pages in this category: [Obligo and Rhino](/property-management-software/security-deposit-alternatives/obligo-vs-rhino/) and [Rhino and LeaseLock](/property-management-software/security-deposit-alternatives/rhino-vs-leaselock/). The [Rhino alternatives page](/property-management-software/security-deposit-alternatives/rhino-alternatives/) covers the same vendors from Rhino’s side, and [deposit alternatives for single-family rentals](/property-management-software/security-deposit-alternatives/for-single-family-rental/) narrows the list for managers of houses. Vendors whose deposit product AI answers describe wrong can read [how we work on AI visibility with proptech vendors](/ai-visibility-for-proptech-companies/). ## What do AI answers suggest instead of Obligo? These are the Index questions that ask for an alternative to Obligo by name. In the October 2026 edition the Index put one such question to each engine; here is what each answer named, in the order it named them. ### sda-alt-03 “What are the alternatives to Obligo for deposit-free leasing at a property management company with a few hundred doors?” #### ChatGPT 1. [Qira](/ai-shortlist-index/security-deposit-alternatives/qira/) 2. [Jetty](/ai-shortlist-index/security-deposit-alternatives/jetty/) 3. [Rhino](/ai-shortlist-index/security-deposit-alternatives/rhino/) 4. [SureDeposit](/ai-shortlist-index/security-deposit-alternatives/suredeposit/) 5. [Assurant](/vendors/assurant/) 6. [LeaseLock](/ai-shortlist-index/security-deposit-alternatives/leaselock/) 7. [TheGuarantors](/ai-shortlist-index/security-deposit-alternatives/theguarantors/) #### Claude 1. [LeaseLock](/ai-shortlist-index/security-deposit-alternatives/leaselock/) 2. [Qira](/ai-shortlist-index/security-deposit-alternatives/qira/) 3. [Jetty](/ai-shortlist-index/security-deposit-alternatives/jetty/) 4. [ePremium Insurance](/ai-shortlist-index/security-deposit-alternatives/epremium/) · Claude only 5. [Assurant](/vendors/assurant/) 6. [TheGuarantors](/ai-shortlist-index/security-deposit-alternatives/theguarantors/) 7. [SureDeposit](/ai-shortlist-index/security-deposit-alternatives/suredeposit/) 8. [Beagle](/ai-shortlist-index/security-deposit-alternatives/beagle/) · Claude only 9. [Rhino](/ai-shortlist-index/security-deposit-alternatives/rhino/) > “Qira lists installments alongside its deposit alternative, and installments can reduce move-in costs while preserving a refundable deposit.” > > ChatGPT, answering sda-alt-03 “What are the alternatives to Obligo for deposit-free leasing at a property management company with a few hundred doors?” > “LeaseLock: Its lease insurance is aimed at larger communities.” > > Claude, answering sda-alt-03 “What are the alternatives to Obligo for deposit-free leasing at a property management company with a few hundred doors?” The answers to this question cited 17 sources: 9 vendor websites, 5 other sites and 3 roundup articles. Lists come from one run per prompt on each engine and update with each edition; a vendor the question itself names is left out of its list. Quotes are verbatim sentences from the recorded answers, picked by rule rather than by hand. Every prompt and vendor row: [Security Deposit Alternatives in the AI Shortlist Index](/ai-shortlist-index/security-deposit-alternatives/). ## Where do these vendors rank in AI answers? Security Deposit Alternatives, October 2026 edition: 50 runs, one run per prompt on each engine. Mention rate is the share of runs that named the vendor, leaving out prompts that name it in their own text; rank is among all 18 vendors in the category's ranking. These figures update each edition. | Vendor | Mention rate | Rank | Prompts naming it | | --- | --- | --- | --- | | [Obligo](/ai-shortlist-index/security-deposit-alternatives/obligo/) | 83% | 1 | 21 | | [Rhino](/ai-shortlist-index/security-deposit-alternatives/rhino/) | 77% | 2 | 20 | | [Jetty](/ai-shortlist-index/security-deposit-alternatives/jetty/) | 73% | 3 | 20 | | [TheGuarantors](/ai-shortlist-index/security-deposit-alternatives/theguarantors/) | 63% | 4 | 18 | | [SureDeposit](/ai-shortlist-index/security-deposit-alternatives/suredeposit/) | 48% | 5 | 15 | | [LeaseLock](/ai-shortlist-index/security-deposit-alternatives/leaselock/) | 48% | 6 | 13 | | [Qira](/ai-shortlist-index/security-deposit-alternatives/qira/) | 42% | 8 | 15 | | [Leap](/ai-shortlist-index/security-deposit-alternatives/leap/) | 26% | 9 | 12 | | [RealPage Insurance Solutions](/ai-shortlist-index/security-deposit-alternatives/realpage-insurance-solutions/) | 16% | 10 | 8 | | [Beagle](/ai-shortlist-index/security-deposit-alternatives/beagle/) | 16% | 11 | 8 | | [ePremium Insurance](/ai-shortlist-index/security-deposit-alternatives/epremium/) | 16% | 12 | 7 | | [LeaseGuard](/ai-shortlist-index/security-deposit-alternatives/leaseguard/) | 6% | 13 | 3 | | [Deposit Choice](/ai-shortlist-index/security-deposit-alternatives/deposit-choice/) | 6% | 14 | 3 | The prompts that named each vendor, and the sources behind them, are on its row. Full table: [Security Deposit Alternatives in the AI Shortlist Index](/ai-shortlist-index/security-deposit-alternatives/). ## What do these vendors leave off their own pages? - [RealPage Insurance Solutions](/vendors/realpage-insurance-solutions/#claim): no published pricing - [ePremium Insurance](/vendors/epremium/#claim): no published property management system integrations - [Jetty](/vendors/jetty/#claim): no published property management system integrations - [LeaseLock](/vendors/leaselock/#claim): no published pricing or property management system integrations - [Qira](/vendors/qira/#claim): no published pricing - [Rhino](/vendors/rhino/#claim): no published property management system integrations - [SureDeposit](/vendors/suredeposit/#claim): no published property management system integrations - LeaseGuard: no published pricing, property management system integrations or target property types - Deposit Choice: no published pricing or property management system integrations Vendors can fill these in by claiming their profile; claimed details appear as a labeled vendor-supplied section next to the sourced facts. ## Which vendors do AI answers name most in this category? In the October 2026 edition, across 50 recorded runs, the engines named Obligo (83%), Rhino (77%) and Jetty (73%). The live ranking, source map and every vendor row: [Security Deposit Alternatives in the AI Shortlist Index](/ai-shortlist-index/security-deposit-alternatives/). ## Questions about Obligo Alternatives ### Is Obligo insurance? No. Obligo's FAQ says it is neither insurance nor a surety bond. The resident authorizes charges up to the deposit amount, bank letters of credit back the program, and the resident repays Obligo for any charge it advances to you. ### Which alternative works most like Obligo? Qira is the closest by mechanism. It holds cash deposits in FDIC-insured accounts in the property's name and offers zero-deposit and installment options, so you can keep cash for some residents and offer an alternative to others. ### Which Obligo alternatives integrate with Rent Manager? Qira, Leap and Beagle name Rent Manager in our vendor database. Obligo's current software-partner page does not list it. ### Do residents still owe money with the alternatives? Usually yes. Jetty, Greenlight and SureDeposit collect claim payments from the resident. LeaseLock says it does not pursue residents through subrogation, though residents stay responsible to the property for final charges. Part of [/property-management-software/security-deposit-alternatives/](/property-management-software/security-deposit-alternatives/). Last verified 2026-11-05