Managing security deposits can be complex and time-consuming. Roost Full Deposit Management streamlines the entire process—from payment and banking to refunds—saving your staff valuable time and allowing them to focus on higher-value tasks.
Residents can choose from multiple payment options and share payments with roommates. Roost posts payments to the ledger and notifies your team, with fraud protection, NSF shield, and charge-back management included.
Banking options include FBO accounts and escrow for your property.
Empower residents to track their refund and interest details with ease, and choose the fastest refund option, including split payments. This not only improves their cash flow and financial well-being but also simplifies the deposit process for property managers, leading to higher resident satisfaction.
Roost notifies and collects refundable deposits, including security, pet, and more. Residents have flexible payment options. All payments post to the resident ledger.
Funds are held in an FBO account on your behalf, in-state as required. Escrow and trust account options available.
Roost manages interest accrual and payouts for you and your residents.
Refunds are automatically processed and paid out by resident preference. Roost closes the invoice, posting payments to your ledger.
Detailed deposit reconciliation reports enable you to tie out beginning and ending month balances and all transaction details. Bank statements are also available.
If a refund is ever late due to our error or oversight, we cover the cost.
