Case Study: Common boosts NOI and eliminates deposit admin with Obligo

How Obligo Helps Common Boost NOI & Eliminate Admin

Common, the largest coliving operator in the country, was seeking a cost-effective amenity to maintain its competitive advantage and bring savings directly to its renters. The challenge was finding a deposit alternative that would make listings more attractive without sacrificing renter quality or financial accountability, as traditional no-deposit solutions often attracted risky tenants.

By implementing Obligo's fintech solution, Common offered a deposit-free option secured by Open Banking technology and AI-powered underwriting. This solution eliminated over 3,900 hours of deposit-related admin, saved renters $1.7 million, and allowed 84% of residents to be deposit-free. For Common, Obligo streamlined leasing, boosted NOI for its landlord partners, and ensured immediate compliance with regulations across its expanding portfolio.

Common

Brad Hargreaves

Founder and CEO