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Updated over 8 years ago,
Any great tips on avoiding deposits for utilities?
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