See how Obligo compares to Rhino as a security deposit alternative

Elevate Your Rental Properties

Power a better resident experience and streamline your operations with a straight-forward security deposit alternative. With no claims filing processes, we provide transparency and responsive customer support for all parties.

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Obligo is the only security deposit alternative
utilizing bank-issued Letters of Credit,
supported by Wells Fargo

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How We Compare to Rhino

		Rhino
Security Deposit Alternative Model	Bank Letters of Credit, issued by Wells Fargo	Surety Bonds
Property Portfolio Assessments	Obligo only works with property partners who have deposit charge histories in line with industry averages. Because Obligo guarantees payment of charges, we screen for high charge rates to ensure business sustainability.	Publicly unavailable
Approval of Charges	If a charge is submitted for damages or missed rent, our platform immediately initiates ACH payment to the property manager.	Claims must be filed & reviewed for approval before payout. Loss of rent claims and excessive wear and tear claims must be filed separately. Documentation of resident screening may also be required.
Automatic Renewal of Deposit-Free Service	Deposit-free service continues through renewal terms, until the property manager releases the renter.	Auto-renewal occurs if there have been no late premium payments or claims filed.
Electronic Collection of Other Move-In Payments	Yes	No
Ongoing Charge Monitoring	Obligo maintains a charge threshold to protect against potential fraud or abuse. A property manager that exceeds that charge threshold may be suspended from inviting new renters to use Obligo. Prior deposit-free coverage commitments will still be honored.	Publicly unavailable.

What Our Partners Have To Say:

“Offering deposit-free living with Obligo gives us an advantage. It provides more flexibility and ease on the tenant side, and the guarantee that owners are looking for. Both sides are happy.”

Gary Harles, Director of Leasing

Investors Choice Realty

“We see really strong improvements in our operational efficiency. We’re getting more done with the same staff and moving residents in faster. Our owners are happy because vacancies are filled, and our residents are happy because they’ve quickly secured a home. It’s really a win for everyone.”

Brent Morris, Managing Broker

RPM Triad

“Of all the platforms we’ve integrated into our leasing process, Obligo is the easiest and smoothest. It’s a breath of fresh air.”

Tara Anthony, Director of City Center Residential Operations

Landmark Communities

“Your team really takes care of me. They are so professional, friendly and customer-service oriented. I truly appreciate you all!”

Brett Reed, President

RPM Hill Country

What Our Renters Have To Say:

"It was easy to set up, quick responses and financially affordable."

Yuliia Rusianovska

OBLIGO RENTER

"A great and easy experience."

Emily Munoz

OBLIGO RENTER

"Saved me money on my deposit. I had no issues when I moved."

Gregory Presswood

OBLIGO RENTER

Obligo Sources:

Obligo Innovates With Wells Fargo To Help Rid Landlords & Renters From The Burden of Security Deposits. Obligo. Retrieved February 23, 2023.
https://myobligo.com/blog/obligo-innovates-with-wells-fargo-to-help-rid-landlords-renters-from-the-burden-of-security-deposits/
Do property management companies go through a qualification process to use Obligo? Obligo. Retrieved March 9, 2023.
https://help.myobligo.com/en/articles/6415343-do-owners-and-managers-go-through-a-qualification-process-to-use-obligo
How does Obligo ensure I’ll be paid for damages or missed rent? Obligo. Retrieved March 9, 2023.
https://help.myobligo.com/en/articles/6415290-how-does-obligo-ensure-i-ll-be-paid-for-damages-or-missed-rent
How quickly will I be paid for charges? Obligo. Retrieved February 23, 2023.
https://help.myobligo.com/en/articles/6415406-how-quickly-will-i-be-paid-for-charges
What if a resident does not renew their deposit-free plan? Obligo. Retrieved February 23, 2023.
https://help.myobligo.com/en/articles/6415419-what-if-a-resident-does-not-renew-their-deposit-free-plan
What is Obligo’s product suite? Obligo. Retrieved February 23, 2023.
https://help.myobligo.com/en/articles/6446667-what-is-obligo-s-product-suite
Does Obligo require proof of damage before approving charges? How are disputes handled? Obligo. Retrieved March 9, 2023.

https://help.myobligo.com/en/articles/6415397-does-obligo-require-proof-of-damage-before-approving-charges-how-are-disputes-handled

Rhino Sources:

What is a surety bond? An effective alternative to security deposits. Rhino. Retrieved February 23, 2023.
https://www.sayrhino.com/blog/posts/what-is-a-surety-bond-for-security-deposits
Rhino Best Practice for Claims. Rhino. Retrieved February 22, 2023.
https://9205635.fs1.hubspotusercontent-na1.net/hubfs/9205635/Rhino%20Best%20Practices%20for%20Claims%20(Letterhead).pdf
Renewing a renter’s policy. Rhino. Retrieved February 22, 2023.
https://rhinopartners.zendesk.com/hc/en-us/articles/4403960681876-Renewing-a-renter-s-policy

Obligo Sources:

Obligo Innovates With Wells Fargo To Help Rid Landlords & Renters From The Burden of Security Deposits. Obligo. Retrieved February 23, 2023.
https://myobligo.com/blog/obligo-innovates-with-wells-fargo-to-help-rid-landlords-renters-from-the-burden-of-security-deposits/
Do property management companies go through a qualification process to use Obligo? Obligo. Retrieved March 9, 2023.
https://help.myobligo.com/en/articles/6415343-do-owners-and-managers-go-through-a-qualification-process-to-use-obligo
How does Obligo ensure I’ll be paid for damages or missed rent? Obligo. Retrieved March 9, 2023.
https://help.myobligo.com/en/articles/6415290-how-does-obligo-ensure-i-ll-be-paid-for-damages-or-missed-rent
How quickly will I be paid for charges? Obligo. Retrieved February 23, 2023.
https://help.myobligo.com/en/articles/6415406-how-quickly-will-i-be-paid-for-charges
What if a resident does not renew their deposit-free plan? Obligo. Retrieved February 23, 2023.
https://help.myobligo.com/en/articles/6415419-what-if-a-resident-does-not-renew-their-deposit-free-plan
What is Obligo’s product suite? Obligo. Retrieved February 23, 2023.
https://help.myobligo.com/en/articles/6446667-what-is-obligo-s-product-suite
Does Obligo require proof of damage before approving charges? How are disputes handled? Obligo. Retrieved March 9, 2023.

https://help.myobligo.com/en/articles/6415397-does-obligo-require-proof-of-damage-before-approving-charges-how-are-disputes-handled

Rhino Sources:

What is a surety bond? An effective alternative to security deposits. Rhino. Retrieved February 23, 2023.
https://www.sayrhino.com/blog/posts/what-is-a-surety-bond-for-security-deposits
Rhino Best Practice for Claims. Rhino. Retrieved February 22, 2023.
https://9205635.fs1.hubspotusercontent-na1.net/hubfs/9205635/Rhino%20Best%20Practices%20for%20Claims%20(Letterhead).pdf
Renewing a renter’s policy. Rhino. Retrieved February 22, 2023.
https://rhinopartners.zendesk.com/hc/en-us/articles/4403960681876-Renewing-a-renter-s-policy

Elevate Your Rental Properties

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How We Compare to Rhino

Obligo Explained

What Our Partners Have To Say:

What Our Renters Have To Say:

Ready to power a better
resident experience?

Elevate Your Rental Properties

Get Started

How We Compare to Rhino

Obligo Explained

What Our Partners Have To Say:

What Our Renters Have To Say:

Ready to power a betterresident experience?

Ready to power a better
resident experience?