Lighthouse makes tenant turnover more convenient by partnering with landlords and property managers who want to reduce unnecessary admin work for their staff and offer their residents a modern, affordable alternative to traditional cash security deposits.
Property Managers and Landlords first decide the amount of protection they need for each asset. Then, instead of asking a tenant to front that money in one lump-sum (in addition to all of their other upfront move-in costs), they simply invite the tenant to secure credit for the amount needed through Lighthouse. In return, Lighthouse provides protection for the same things a standard security deposit would under applicable law (i.e. unpaid rent and property damage beyond normal wear and tear). If a reimbursement is requested, Lighthouse quickly provides payment to the landlord or property manager, and then contacts the tenant for reimbursement.
We would love to hear your suggestions! Please send us an email at hello@mylighthouse.co.