NEW YORK--(BUSINESS WIRE)--The Rent Stabilization Association of NYC and Rhino announced today a partnership to bring Rhino’s security deposit alternative to the RSA’s 25,000 members. The RSA already provides a wide assortment of products and services to its members, ranging from commercial mortgage services to energy purchasing services. Today’s partnership with Rhino signifies another major step by the RSA to assist NYC landlords with the adoption of new tech-enabled solutions to modernize the largest residential housing market in the United States.

With Rhino, instead of paying a large deposit up front, renters can instead pay a small monthly fee that insures their landlord for everything covered by a traditional security deposit. With landlord concessions at all time highs, Rhino’s innovative solution helps landlords fill vacancies faster and deliver savings to renters, while also giving landlords the same protections and assurances they need.

“It’s not often enough that we see solutions which are truly a win-win for both renters and landlords,” said Joseph Strasburg, President, Rent Stabilization Association of NYC. “We continually look for ways to help our members modernize and leverage technology, so we’re thrilled to be partnering with the team at Rhino.”

“We’ve always felt the right way to build our business is through collaboration and active participation from both renters and landlords,” said Paraag Sarva, Rhino co-founder and CEO. “We could not have found a better partner than the RSA to help us reach NYC landlords big and small, and explain how Rhino can help them and their tenants.”

About the Rent Stabilization Association of NYC

The RSA (Rent Stabilization Association of NYC, Inc.) is the largest trade association in New York City exclusively dedicated to protecting and serving the interests of the residential housing industry. The RSA represents 25,000 property owners and agents responsible for approximately one million units of housing. RSA’s members range from owners of one, small family buildings to large multi-family complexes, cooperatives and condominiums. More information can be found at: rsanyc.net.

About Rhino

Rhino is a real estate technology company replacing security deposits with a smarter alternative that’s better for both renters and landlords. Renters pay a small monthly fee instead of a large security deposit while landlords receive more security. Learn more at sayrhino.com.