General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
1031 Exchanges
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated 9 months ago on . Most recent reply
![Donna Beth Perch's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3018093/1715253427-avatar-donnab149.jpg?twic=v1/output=image/cover=128x128&v=2)
NJ tenant security question
I’m managing a rental property for an out of state landlord. I need to open a tenant security account. The bank is not making it easy. Can the account be opened with a property manager name and tenant? Instead of landlord and tenant? A security account needs to be in NJ but if the landlord is not also in NJ, how does that happen?
Thanks
Most Popular Reply
![Nathan Gesner's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/51525/1621411521-avatar-soldat.jpg?twic=v1/output=image/cover=128x128&v=2)
Nathan Gesner
Property Manager
Agent
Pro Member
- Real Estate Broker
- Cody, WY
- 41,046
- Votes |
- 28,053
- Posts
Quote from @Donna Beth Perch:
If you are going to manage for someone else, it's important to understand the laws and ensure you abide by them. I suspect you're having problems because you don't know what you're doing. Here's the New Jersey law regarding security deposits:
https://www.nj.gov/dca/divisions/codes/publications/pdf_lti/...
- Nathan Gesner
![business profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/marketplace/business/profile_image/1432/1738609377-company-avatar.jpg?twic=v1/output=image/contain=65x65)
The DIY Landlord Book
165 Reviews
4.7 stars