Georgia investment - Security Deposit

[Julia Thompson]

if you have more than 10 doors in GA or if you use a property management company, you have to set up “escrow account” for security deposit. None of the banks around my area have that capability, if they do they require tenant to provide forms etc which tenant is not inclined to provide. How do you all handle security deposit? Do you set up one escrow account for each tenant or do you lum all tenants’ security deposit into one escrow account? Or regular account?

Here’s what I read regarding GA law

https://law.justia.com/codes/georgia/2010/title-44/chapter-7/article-2/