How Whale helps properties
Whale helps properties operate more efficiently. Below are some of the primary benefits of using Whale:
Increase lease conversion
Whale is an amenity for residents, allowing them to earn high-yield interest on their deposit while they rent while also returning their funds faster at move-out.
Save time and money
Whale fully automates the deposit process, eliminating manual tasks with a digital solution. That means no more...
- Sending reminders
- Handling bounced payments
- Getting forwarding addresses
- Paying banking fees
- Buying envelopes
- Buying postage
- Mailing checks
- Voiding checks
- Handling returned checks
- Paying interest
- Opening separate accounts
- Rushing to return deposits in time
Effortless compliance, guaranteed
Whale is natively compliant by design. You never touch the security deposit—it stays locked in the renter’s high-yield savings account until you receive payment for any charges due at move-out.
Reduced damages
With Whale, renters have full transparency into their deposit funds and watch their money grow each money as interest is paid into their account. These monthly reminders encourage renters to take better care of their unit to increase their odds of getting their full deposit back. This saves you the effort and expense of coordinating maintenance work between unit turns.