#United States #New York #Property Management #Obligo #Renter's Trust

Obligo's Renter's Trust Awards 2024

On January 7, 2025, Obligo, a finalist in the fintech space, recognized the leading property management companies during its fifth annual Renter's Trust Awards. This initiative builds upon Obligo's mission to revolutionize rental practices by alleviating the burdens that security deposits impose on both renters and landlords. By spotlighting these property managers, Obligo aims to promote trust and transparency within the rental market.

In a landscape where negative move-out charges can create dissatisfaction and animus between renters and property owners, the award-winning firms have demonstrated a commitment to utilizing technology that minimizes these frictions and enhances the overall renting experience. A prime example of this innovation is Obligo's suite of deposit solutions, which empowers properties to maintain comprehensive protection without the necessity for traditional security deposits. Instead, it grants renters the opportunity to use those funds for more productive purposes—saving, investing, or spending—as they see fit.

Obligo's recognition process is thorough and robust. To qualify for an award, property management firms must display a high level of trustworthiness derived from tenant interactions, including how they handle deposit deductions and any negative feedback from tenants. Only entities that have been active on the Obligo platform for over 18 months were eligible, ensuring statistical validity in the results.

2024 Renter's Trust Award Winners

The winners of the 2024 Renter's Trust Awards cover a diverse range of property management practices across various states:

• - Blackfish Companies (Utah) - Focused on single-family homes and uses Entrata software.
• - Del Val Realty Property Management (Pennsylvania) - Specializing in single-family residences with Buildium software.
• - Enclave Property Management (North Dakota) - Responsible for multifamily dwellings using the AppFolio platform.
• - JL Holding Corp (New York) - A multifamily enterprise, celebrated for the fourth time and powered by Yardi.
• - Luna Properties LLC (Montana) - Known for single-family homes and leveraging AppFolio.
• - Northern Virginia Property Management Pros (Virginia) - Another four-time winner specializing in single-family homes with Propertyware.
• - Personal Touch Property Management (Utah), Pollard Properties (Missouri), and Real Property Management Eclipse (Washington) also received accolades, showcasing their use of AppFolio and Buildium software respectively.
• - The Wilson Agency (Tennessee) operates multifamily and single-family units with Buildium's support, and Time Equities received a nod for their consistent achievements in multifamily settings nationwide utilizing MRI software. Finally, TrustHome Properties (Florida) added their name to this prestigious list with their work using AppFolio.

Seth Coston, Director of Residential Asset Management at Time Equities, remarked, "We do everything we can to provide the highest level of service to our tenants. Obligo has allowed us to provide flexibility and optionality that tenants love, which also improves our applicant conversion rates."

Similarly, Shannon Weber, Owner of Luna Properties, cited transparency as essential in building trust with residents. She said, "Offering amenities like Obligo creates a positive relationship with our residents and keeps us a step ahead of our competitors." This shift toward transparency not only fosters a sense of community but also establishes a solid foundation for tenant-landlord relationships built on mutual respect.

Roey Dor, CEO of Obligo, celebrated the award-winning companies' innovative approaches. He stated, "We’re proud to celebrate these remarkable property management companies. Their forward-thinking strategies and dedication to leveraging technology like Obligo are transforming the rental experience from a traditional transaction into a trusted, respectful relationship."

Founded in 2018 by brothers Roey and Omri Dor, Obligo has made significant strides in shaping a new narrative for the rental process. With its focus on utilizing financial technology to make the navigation of rental properties as seamless as possible, Obligo is setting new industry standards. The company's unique approach deploys bank-issued Letters of Credit in lieu of security deposits, utilizing AI and Open Banking to ascertain renter eligibility without impairing their financial flexibility. As it expands its offerings across the United States, Obligo's vision not only serves renters but also paves the way for a generational change in property management. For further details, visit myobligo.com.