Managing vacation properties can be a tedious process of collecting payments, holding security deposits in escrow and transitioning funds back to renters as soon as the stay has ended. For properties that are rented frequently on a seasonal or year-round basis, this can get particularly painstaking. That's why we we extend DepositGuard, an escrow service, as one of the payment solutions we offer at Vantage. 

Vacation rental markets naturally have a lot of clientele turnover. If you own or manage a dozen properties that are rented weekly, you may have hundreds of clients and renters in a single summer. Without a streamlined solution, that makes hundreds of security deposits and other payments to hold and process on an individual basis. You also may need to manage rental trust accounts to hold those funds safely and securely, and those can be costly and inconvenient. 

With DepositGuard, renters can use their credit or debit card or an electronic check to make payments, which are processed immediately so that funds reach you sooner. DepositGuard works within the framework of your current terms and conditions, and can even act as an intermediary when disputes arise, standing in as a neutral third party to resolve disagreements. The service will also hold security deposits and other funds in escrow so that you don't need to open a rental trust account. And one key benefit that we shouldn't overlook: there's no additional cost for the property owner or manager to use DepositGuard! 

If you need a more convenient and effective way to handle the escrow needs for your rental properties, contact us today to learn more about DepositGuard. Your rental income is valuable, so let us connect you with a solution that makes the process easier.