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Updated over 7 years ago on . Most recent reply

Jake Valkusky's profile image
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Jake Valkusky
  • Real Estate Investor
  • from Maple Shade, New Jersey
  • Member since Jan 2, 2017
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Jake Valkusky's profile image
Jake Valkusky's profile image
Jake Valkusky
  • Real Estate Investor
  • from Maple Shade, New Jersey
  • Member since Jan 2, 2017
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Jake Valkusky
  • Real Estate Investor
  • Maple Shade, NJ
1
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26
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General Landlording & Rental Properties

Rent Increase and Security Deposit Question

Jake Valkusky
  • Real Estate Investor
  • Maple Shade, NJ
Posted

Good Morning BiggerPockets!

I work with a management company and team of investors in the Philadelphia area. We have received mixed feedback on security deposit/last month increases that go along with annual rent increase. So my question is as follows:

When rent is increased, is it common practice to increase the security deposit and last months rent to match?

Looking forward to your responses!

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JD Martin
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JD Martin's profile image
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JD Martin
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  • from Northeast, TN
  • Member since Jul 6, 2015
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JD Martin
Property Manager
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  • Rock Star Extraordinaire
  • Northeast, TN
15,765
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JD Martin
Property Manager
Pro Member
  • Rock Star Extraordinaire
  • Northeast, TN
ModeratorReplied

On vacant properties, yes. On occupied properties, no. 

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