No. Deposit Alternative is an alternative to a security deposit that still provides similar protection. So instead of putting up a bunch of cash when you move in, you end up paying a lot less over the course of your lease.
Because you pay rent to your landlord or their property management company, Deposit Alternative is only available when they’re involved.
Cost is determined by your property management company, and it varies by property. When you move out, your policy ends.
Property owners and managers determine the price for their tenants. In some markets, they might charge more to manage the service.
If you want to keep your cash and make moving in more affordable, then definitely!