DepositIQ, LLC Launches Smart Alternative to Multifamily Security Deposits Surety Bond Product Incorporates e-Signature and e-Payment Technology

DENVER, Jan. 23, 2013 /PRNewswire-iReach/ -- DepositIQ, LLC announces the launch of their security deposit alternative product today, innovating the surety bond option for apartment operators and residents.  The company enters the market with a fully paperless solution that reduces move-in costs for residents while decreasing bad debt for apartment communities.

(Logo: http://photos.prnewswire.com/prnh/20130123/CG45218)

The Denver-based company is headed by President Tom Schickel, a veteran of the multifamily housing industry who draws on more than a decade of experience and astute knowledge of the challenges faced by property management companies and owners. Schickel founded DepositIQ after identifying an opportunity to improve upon the way deposits are handled and capitalize on technological trends adopted by the industry.

"Historically, security deposit policies have been applied inconsistently and are often burdensome to renters. DepositIQ has developed a tech-savvy  surety bond option that includes features such as e-signature and e-payment along with an easy to interpret suite of reports so our clients know exactly how the program is working for them in real time," asserts Mr. Schickel, the driving force behind the new entity. "This is an effective tool that gives our clients an efficient means of analyzing and modifying cash and bond deposit policies to align with their operating goals." After successfully testing in 2012, the company is currently enrolling new management companies nationally.

About DepositIQ, LLC:

DepositIQ, LLC offers surety bonds in the place of standard cash deposits for the multifamily housing industry. Branded as "the smart alternative to deposits" the product utilizes e-signature and e-payment technology to streamline the purchasing of bonds and a real-time report dashboard to provide crucial insight into clients' deposit policies and bond premium pools. The product is designed to work with all types of properties including market rate, student, affordable, military, and senior housing and can be utilized entirely online or via mobile and tablet platforms.  Available nationwide, DepositIQ allows operators and owners to remain competitive in their respective markets by offering a lower cost move-in option, increasing closing ratios, and controlling bad debt issues.  Additional information can be found on the company's website at depositiq.com.

Media Contact: Jon Hayford DepositIQ, LLC., 877-684-4039 x 802, jhayford@depositiq.com

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SOURCE DepositIQ, LLC



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