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Updated over 5 years ago on . Most recent reply

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Colin Valenta
  • Member since Jun 22, 2019
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Colin Valenta's profile image
Colin Valenta's profile image
Colin Valenta
  • Member since Jun 22, 2019
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Colin Valenta
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Multi-Family and Apartment Investing

Security Deposit Accounts

Colin Valenta
Posted

Why is it that property managers generally hold security deposits in their own account?  Isn't this a big liability to the property owner to have no control over this money?  Is it just an industry standard or is their a legal purpose?

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