Obligo has recently launched an exciting new feature that enables property managers to return cash deposits electronically.

Cash deposits can be refunded to renters who paid the deposit with Obligo and renters who paid their cash deposits independently.

How does it work?

You can create deductions directly from the lease page or refund the entire deposit amount to the renter when the lease ends.

The renter will be notified about the deductions and will be able to choose if they wish to get the money back electronically or via paper check. If the renter chooses to receive the money via paper check, Obligo will require him to fill in the updated forwarding address.

Obligo’s electronic refund can be integrated with the leading property management software systems.

To learn more about electronic refunds and enable this feature, please contact support@myobligo.com.

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