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Updated over 1 year ago on . Most recent reply

Jerry L.'s profile image
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Jerry L.
  • Member since May 2, 2022
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Jerry L.'s profile image
Jerry L.'s profile image
Jerry L.
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Jerry L.
10
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27
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General Landlording & Rental Properties

1st and last rent collection question

Jerry L.
Posted

Before you let your tenant move in, do you guys collect both first and last months rent with the security deposit or just first with the security? 

Kansas City, Kansas
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Colleen F.'s profile image
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Colleen F.
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  • from Narragansett, RI
  • Member since Jun 7, 2013
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Colleen F.'s profile image
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Colleen F.
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  • from Narragansett, RI
  • Member since Jun 7, 2013
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Colleen F.
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  • Narragansett, RI
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Colleen F.
  • Investor
  • Narragansett, RI
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@Jerry L.  depends on your state what is allowed. The best thing is whatever you do keep it on the face of every lease they sign going forward. 

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