Owner & Operator Benefits

Last updated: October 3, 2024

We take security deposits off your plate and make your residents happier. And it’s free for you.

Whale provides a new, attractive resident perk for your property. We guarantee you access to the full amount for any move out charges. Residents earn monthly interest on their deposit and get it back faster after move-out.

Save Time

Say goodbye to collecting, depositing, printing, and mailing deposit checks.

Offload Compliance

No more worrying about complicated state regulations for deposits.

Fully Integrated

Whale integrates with your property management system so it's turnkey for you.

Happier Residents

Make your property more attractive to prospective residents.

Whale eliminates the administrative burden of managing deposits.

Whale provides a new, attractive resident perk for your property. We guarantee you access to the full amount for any move-out charges. Residents earn monthly interest on their deposit and get it back faster after move-out.

FAQs

How much does it cost?

Whale is free for you. Residents signing a new lease pay a one-time fee of 2% of their deposit and it’s free for current residents to switch to Whale.

Is the deposit fully guaranteed?

Yes! Whale holds the deposits in cash and locks the deposit during the lease so it’s completely risk-free.

What do residents earn?

Residents earn up to 3.2% (APY) interest on their deposit, depending on the market conditions.

How does the move-out work?

Whale transfers any move-out charges to you and then releases the remainder to the resident.

What if there’s a lease renewal?

Whale continues to secure their deposit until the end of the updated lease. No actions required by you or the resident.

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