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Updated over 8 years ago,

User Stats

200
Posts
116
Votes
Alan Brown
  • Rental Property Investor
  • NY MA CT VT MT, MO
116
Votes |
200
Posts

Any great tips on avoiding deposits for utilities?

Alan Brown
  • Rental Property Investor
  • NY MA CT VT MT, MO
Posted

Just bought 12 units and the utility wants me to pay an average utility deposit for ALL of them together, which represents something like $4200 up front... I want to make sure that if a unit goes vacant, the utilities will revert to me, so no frozen pipes, etc... but I'm not going to give them that kind of workable cash!

Any ideas?  someone mentioned a surety bond, which seems a little overkill.  

thanks

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