Castler closes Pre-Series A funding of $6 Million led by Flipkart, Capital 2B, IIFL Fintech Fund, Venture Catalysts & Zerodha

What are the benefits of using escrow for landlords?

There are several benefits to using escrow for landlords, including:

Protection from damage: When a security deposit is held in escrow, the landlord is protected from damage to the property. If the tenant damages the property, the landlord can use the security deposit to cover the cost of repairs.
Peace of mind: Escrow can give landlords peace of mind knowing that their rent payments are secure. When rent payments are made through escrow, the landlord does not have to worry about the tenant not paying rent.
Convenience: Escrow can be convenient for both landlords and tenants. Tenants do not have to worry about carrying cash or writing checks, and landlords do not have to worry about depositing rent payments.


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