General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 12 months ago,
2024 Interest Rates on Deposits
Before, I heard that after a certain amount of units, interest was paid on deposits. At a meetup this month I heard that all deposits, regardless of the number of units in the building, interest will be paid at 0.01% for any leases signed in 2024. I've read a few articles about it but it doesn't mention the number of units, which probably means that as long as there is a deposit, there is interest to be paid as of 2024?
If a tenant signed a lease in 2022 and the tenant stays on in 2024, I start paying interest on 2024 and thereon?