RentersAmerica Streamlines Online Process for Multifamily Property Owners and Managers with Launch of New Deposit Alternative Platform

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Access funds online and decrease deposit administration time by more than 60 percent with paperless platform

RentersAmerica, a security deposit alternative program and resident discount membership association, announced today the launch of an innovative new platform which streamlines the contract process. Established in March 2013 by Bankers Financial Corporation and Purqz, RentersAmerica provides multifamily property owners and managers bad debt reduction, generates ancillary revenues, and increases leasing opportunities. The program benefits residents by incorporating exclusive discount and coupon memberships, saving residents money and providing access to a wide range of benefits not publicly available.

The new RentersAmerica paperless platform, which launched in the first week of June, offers several primary benefits to multifamily property owners and managers even while simplifying the deposit contract process for residents. Benefits include:

  • e-Signatures/digital signature process
  • Deposit account balance transparency
  • Expedited funding turnaround
  • Easy access to deposited funds through a user-friendly website

In line with current green initiatives in the multifamily industry, the new RentersAmerica paperless platform is projected to decrease administration time for users by more than 60 percent.

“Since its inception, RentersAmerica has been an extremely flexible deposit alternative and discount membership program that can be tailored to meet the complex needs of today’s multifamily owners,” said James Larson, Executive Vice President of RentersAmerica and Purqz. “With the availability of our new RentersAmerica platform, the online experience is now even simpler and more convenient for our users.”

RentersAmerica is unique in the security deposit alternative market as a membership program that is not subject to insurance regulation. A high degree of pricing flexibility is critical for security deposit alternatives, allowing property owners and management companies to determine the best rates for properties and markets.

“We offer an innovative, turn-key system that allows property owners to streamline processes, bring security deposit alternatives in-house, reduce resident move-in costs while maximizing protection and revenue,” said Scott Hammond, CEO of RentersAmerica and Purqz. “The new RentersAmerica platform is both easy and automated. It’s another unique way that we help onsite staff provide security deposit alternatives in an effortless way to their residents, while also providing residents with access to additional benefits and savings opportunities.”

About RentersAmerica

RentersAmerica is a security deposit alternative program designed to help multifamily property owners and managers reduce their bad debt, generate ancillary revenue and lease more units. Together with Purqz, Bankers Financial Corporation, which pioneered the security deposit alternative industry in 1994, developed RentersAmerica as a resident membership association that also benefits residents by dramatically lowering their move-in cash requirements while affording them opportunities to save on a wide variety of products and services through a rewards loyalty program. For more information on RentersAmerica, please visit

About Purqz

Founded in 2007, Purqz offers apartment owners and managers a resident retention and loyalty membership program. Purqz has created the nation’s largest network of merchant benefits and discounts, which property managers offer to residents via a mobile app and a powerful web interface. For more information on Purqz, please visit

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Scott Hammond

James Larson
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