We think a deposit should be a bank instrument, not a cash drawer.
Tens of billions of dollars of residents' cash sits idle in other people's accounts. Property managers run the whole thing at a loss. Both sides would be happier if the deposit were a guarantee from a bank, and that is what we built.
Live everywhere from day one, with each state's rules built into the platform.
A Standby certificate is a guarantee to the operator. No policy, no claims form, no adjuster.
Free for the property. No setup fees, no per-deposit charges.
We built Standby for multifamily because that is where it hurts.
Thousands of units, fifty sets of rules and a leasing office that spends its Fridays on move-out cheques. Residential rental deposits are the whole job, and apartments are where we are deepest.
We are operators, lenders and lawyers, based in New York, Boston, Tampa, Atlanta and Los Angeles. The fastest way to find out what we are like to work with is to email hello@standby.io.
Latest from Standby.
The new site explains deposit management the way we explain it in the room: residents move in without an upfront deposit, operators stay covered up to the full deposit and draw at move-out. Landlords with a handful of units can now set themselves up in minutes, with nothing to connect.
AZ1st Communities now offers Standby across its communities. Residents get a more flexible move-in, and the property teams get one simpler way to manage deposits.
Two more operators bring Standby into their communities. Residents have more financial flexibility at move-in, and the management teams run a simpler deposit process from one ledger.
Want better deposits? Talk to us.
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