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Updated over 5 years ago on . Most recent reply
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Investing tenant’s security deposit
I don’t own any properties YET and am very new to the real estate world, but earlier I was reading Brandon Turner’s “The Book On Rental Property Investing” and it sparked an idea in my head about tenant security deposits. I was wondering what everyone’s opinion is on investing your tenants security deposit. Is it a good idea, is it legal, if so what avenue would you take if any, to invest that money?
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check your state laws. Saw this question asked a week ago. Most were saying if you did law requires the tenants get the intrest. Some said their state required it. Some said it didn't.