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New housing laws around the country could give renters alternatives to cash security deposits. Here are 5 startups that could see a windfall.

apartment for rent

    • The high upfront cost of a security deposit can dissuade some renters from moving into a new location.
    • Some companies have started to offer insurance products that replace the large, but refundable security deposit with a much smaller, but non-refundable fee.
    • Cincinnati recently passed a “Renter’s Choice” law, which required landlords of a certain size to provide alternatives to security deposits. State legislatures and the City of New York are considering similar laws.
    • We listed five of the biggest companies who have a lot to gain from these new laws.
    • Visit Business Insider’s homepage for more stories.

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Source:: BusinessInsider.Com