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Updated about 16 years ago,

User Stats

313
Posts
87
Votes
Michael R.
  • Real Estate Investor
  • New York
87
Votes |
313
Posts

Security Deposit Account

Michael R.
  • Real Estate Investor
  • New York
Posted

How do people here handle sec. deposits? NY requires me to put them in a seperate interest bearing account in the tenants name. Is the account just a regular savings account or something different? I was thinking about going with a saving from ING. Can link bank accounts and add new ones online. Any Insight?

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