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Why Security Deposits Are Costing Landlords More Than They Think w/ Andrew Bowen
Description
Lease insurance for rental property explained: Andrew Bowen of LeaseLock breaks down how to replace deposits and protect your assets at scale.
In this episode of RealDealChat, Jack Hoss sits down with Andrew Bowen, VP at LeaseLock, to break down why the security deposit model is broken and what smart operators are replacing it with.
Andrew brings 30 years across rental housing, SaaS, and InsureTech. He's seen both sides of the table and pulls no punches on what most operators are getting wrong.
- What lease insurance actually is and how it replaces the deposit with a certificate worth 1–3x coverage
- How $90k in claims on a 260-unit deal translated to $1.6M in preserved asset value at sale
- Why 59% of Americans can't cover a $1,000 emergency, and what that means for your leasing funnel
- How underwriting works at the asset level, not the individual tenant level
- The zero deposit marketing advantage and why it fills buildings faster
- The biggest operational gap Andrew sees across rental portfolios nationwide
- The cost per lead trap that's quietly killing multifamily marketing ROI
- Why most operators think they're unique, but probably aren't
This episode is for multifamily operators, property managers, and buy-and-hold investors tired of deposit disputes eating into their returns.
🔗 Learn more about LeaseLock: https://leaselock.com
🔗 Build systems for your investing business: https://realdealcrew.com
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