While we offer free services to landlords, you might wonder how we sustain our operations. The answer lies in our innovative revenue model, uniquely designed to generate income without imposing fees on our primary users.
|Interest earnings on cash balances
|Similar to traditional banks, we accumulate interest on cash deposits in user accounts. The distinctive edge here is that we return most of this interest to landlords, enabling them to earn 3.75X the national average interest rate on their deposits, with zero monthly fees and no minimum balance requirements.
|Convenience fees for card transactions
|We provide flexible online payment options, allowing for transactions via ACH bank transfers at no charge. However, a small convenience fee of 2.99% is levied on the transaction for payments made using a credit or debit card.
|Credit Boost subscription
|We offer a feature called Credit Boost that renters can subscribe to for $4.99 monthly. This feature reports the tenants' on-time rent payments to all three major credit bureaus (TransUnion, Experian, and Equifax) to help them improve their credit scores.
|Renter screening and applications
|Azibo offers comprehensive renters screening services at a direct fee to the applicant. While online rental applications are free for landlords, renter screenings are a paid feature providing revenue streams. Background checks cost $39.99 charged to the applicant.
|Custom lease agreements and E-Signing
|This tool allows landlords to create state-specific lease agreements available as a paid feature. This includes both the creation of the lease and the electronic signature service for the low cost of $29.99 per lease.
|Commissions from partner products
|The Azibo Marketplace hosts a variety of offerings from our partners in the insurance and real estate sectors, among others. We earn a commission whenever landlords make purchases from our partner firms via our platform. Examples being renters insurance and landlord insurance.