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Updated almost 11 years ago on . Most recent reply

Miranda Crown's profile image
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Miranda Crown
  • from Bend, Oregon
  • Member since Sep 26, 2013
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Miranda Crown's profile image
Miranda Crown's profile image
Miranda Crown
  • from Bend, Oregon
  • Member since Sep 26, 2013
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Miranda Crown
  • Bend, OR
1
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31
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General Landlording & Rental Properties

Security Deposit - How much?

Miranda Crown
  • Bend, OR
Posted

We have a 3bd/2.5ba home in a nice area of town, rent averages $1400-1800/mo. How much would you charge for security deposit? And how do you determine the amount? Thanks!

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Michaela G.'s profile image
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Michaela G.
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  • from Atlanta, Georgia
  • Member since Aug 4, 2013
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Michaela G.'s profile image
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Michaela G.
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  • from Atlanta, Georgia
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Michaela G.
  • Investor
  • Atlanta, GA
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Michaela G.
  • Investor
  • Atlanta, GA
Replied

I would so some research on your local landlords. What are you competing with?

In Atlanta 1 month deposit is customary. But when you come to the SF Bay area they want 1 month deposit and last month's rent, in addition to first month's rent. And then there's pet deposit and pet rent, if have a pet.

It's supply and demand

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