1st & last month rent plus security deposit. too much to ask for?

[Account Closed]

I have 1 rental and normally ask for first month rent ($830) plus a deposit ($500).

seems like renters just move out after the lease is over and treat the deposit as part of their last months rent.... so i end up with actually no deposit so no leverage for excessive wear/damages.

I bought another SFR. I would like to ask for first and last months ( $700 +$700) rent plus a deposit ( $500 or so). is that too much to ask, thats nearly $2k upfront? what do landlords typically ask for?

my rentals are middle to lower working class but decent areas so i wouldnt think they could come up with that much money but..... if its the norm....?

[Account Closed]

Actually it depends on your State Law.  In Michigan we are allowed to charge one month and a half for a Security Deposit, plus one months rent.

Some states, only allow you to charge first and last months rent.  Check with your State Law regarding your Landlord/Tenant Laws, and also read your City Ordinances!!!!

Nancy Neville