Morgan Properties is partnering with Jetty to help their residents overcome the potential challenges and financial barriers to renting
Jetty, the financial services company on a mission to make renting a home more affordable and accessible, announced an expanded partnership with Morgan Properties, a national real estate investment and management company with over 95,000 units across the country, to introduce their flagship product, Jetty Deposit, to Morgan Properties residents.
Morgan Properties was seeking a partner to help them attract new renters without taking on additional financial risk. Instead of offering move-in concessions, such as zero-dollar security deposits, they found a deposit alternative to be the best solution for their portfolio. With Jetty Deposit, Morgan Properties scores a win-win for both sides of the lease—their renters save meaningful cash at move-in and Morgan Properties gets increased protection against property damage or lost rent.
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Rather than requiring renters to lock up their hard-earned cash in a security deposit, Jetty Deposit dramatically lowered upfront move-in costs for their renters while providing financial protection for Morgan Properties. Jetty Deposit is now available at over 300 Morgan Properties communities.
“All too often, security deposits are a financial burden for our prospective residents and can be a major hurdle to lease signing. Our team is always seeking new, innovative solutions, like Jetty’s security deposit alternative, to make renting with Morgan Properties an exceptional experience,” said Jason Morgan, Principal and President of Morgan Properties Special Situations. “Our partnership with Jetty helps protect our bottom line, streamline our leasing operations, and provides savings and convenience for our residents.”
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“Nearly 70% of U.S. renters have less than $1,000 in savings, and cash-based security deposits can put tremendous strain. That’s why the largest property owners and managers in the country rely on Jetty Deposit and our suite of products to make renting a home more affordable and flexible”, said Mike Rudoy, Jetty’s Co-Founder and Chief Executive Officer. “Morgan Properties shares in our mission to reduce the financial barriers of renting. We couldn’t be more excited to add Morgan as our latest partner in our mission.”
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