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What is FlexDeposit?

It is crucial to make sure that your relocation doesn't overly impact your financial stability. We are excited to present a solution that helps you retain more of your funds. FlexDeposit offers a one-time, nonrefundable fee that operates similarly to a traditional deposit, yet at a much lower cost. This groundbreaking option is available throughout your lease period. Additionally, should you choose to move within the same community or to another property under the same management, you will not face any extra charges. Instead of the usual security deposit, landlords can allow tenants to opt for a singular, non-refundable payment to enter the surety bond program. As long as you meet your financial commitments and adhere to your lease terms—like paying rent and maintaining the property—you won’t have additional responsibilities toward FlexDeposit. However, if you do not satisfy these lease obligations, you will need to reimburse FlexDeposit for any losses, capped at the bond amount. This approach not only offers flexibility but also presents a cost-effective way to handle your rental commitments while relieving some of the financial pressure typically associated with moving. Ultimately, FlexDeposit is designed to enhance your leasing experience, allowing you to focus on settling into your new home without financial strain.

What is Flex?

Flex is a financial technology solution that empowers renters to pay their monthly rent more flexibly by splitting the total amount into two smaller installments, while guaranteeing that landlords or property managers receive the full rent on schedule. When the rent is due, users can initiate an initial payment, after which Flex offers them access to a credit line to cover the remaining amount, which is then directly paid to the property owner or a specified account; renters are expected to repay the credit line later in the month according to their chosen timeline. The Flex mobile application allows users to monitor their payment status in real time, manage and modify their payment schedules, and receive alerts to ensure they remain on track with their obligations. In addition, the service provides adaptable rent reporting that helps enhance a renter's credit score by notifying credit bureaus of on-time payments. Flex seamlessly works with major property management systems like AppFolio, RentCafe, and Yardi Voyager to deliver flexible payment options within resident portals. This modern approach not only assists renters in better organizing their finances, but it also streamlines the payment process for property managers, making it a win-win for both parties. Ultimately, Flex aims to foster a more harmonious relationship between tenants and landlords through its innovative payment solutions.

Media

Media

Integrations Supported

AppFolio Property Manager
Mastercard SpendingPulse
RentCafe
TransUnion Collections Management
Yardi Voyager

Integrations Supported

AppFolio Property Manager
Mastercard SpendingPulse
RentCafe
TransUnion Collections Management
Yardi Voyager

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

$14.99 per month
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Assurant

Company Website

flexdeposit.com/spa/home

Company Facts

Organization Name

Flexible Finance Inc.

Date Founded

2025

Company Location

USA

Company Website

getflex.com

Categories and Features

Categories and Features

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