Surety Bond - Alternative to Security Deposits

[Leo K.]

Any landlords here that require tenants to obtain a surety bond INSTEAD of a security deposit?

I'd like to collect a "move-in fee" instead of a deposit AND require the tenants to obtain a surety bond (insurance) to ensure that I'm compensated for any lease violations.

SureDeposit offers this sort of coverage however it's only for 100+ unit portfolios.