Application in & approved but no security deposit

[Kevin Stolarski]

So I am in the process of renting out my first property and have recently dealt with an interested prospect come see the property, take an application home with them, send me an application with fee, pass all background/ credit checks & landlord references but become MIA when I reach out for the deposit to hold/ security deposit. Have most landlords experienced this? If so, how do you go about preventing this when a potential tenant wants to think it over before sending in their rental application?