Security Deposit Alternatives Explained: How Lease Insurance Cuts Bad Debt and Boosts NOI

Описание: In this conversation, Andrew Bowen discusses the challenges and opportunities in the rental housing market, particularly focusing on the issues surrounding traditional deposit systems. He explains how his company, LeaseLock, is revolutionizing the rental process by providing lease insurance that benefits both renters and property owners. The discussion also covers the importance of data insights in understanding market trends and the ideal client profile for their services.

Professional Real Estate Investors - How we can help you:
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Coaching with Mike Hambright: 
Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwith...

Attend a Vacation/Mastermind Retreat with Mike Hambright:
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Property Insurance:
Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there’s no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/

New Real Estate Investors - How we can work together:
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🏠Free Training and Resources for New Real Estate Investors
Rehab Live → https://my.investorfuel.com/rehab
Find Your First Deal in 5 Days challenge → https://go.investorfuel.com/find-your...

💼 Guest Resources
Connect with Andrew Bowen on social media:
Instagram:   / leaselock  
Website: https://leaselock.com/about/andrew-bo...
LinkedIn:   / andrew-bowen-com  


💼 Show Resources
Chapters

1:32 Meet Andrew + LeaseLock
2:04 What lease insurance is
3:35 Why the business started
5:08 Pushback & objections
7:12 “Pain of staying the same…” mindset
7:20 Who they serve (Top 50 operators → small owners)
8:22 Deposit Cloud + other partnerships
10:02 Benefits for owners/operators/residents
12:40 How zero-deposit marketing helps leasing teams
14:56 What they’re scaling next: underwriting insights
15:50 Unfulfilled leases data + eviction risk visibility
17:05 Concessions as a 60-day leading indicator
18:24 Ideal client + decision makers
20:21 How pricing/underwriting works
22:01 Where to connect with Andrew