Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply

User Stats

25
Posts
6
Votes
Renee Z.
  • Fairfax VA
6
Votes |
25
Posts

When deposit to hold is not allowed in my County

Renee Z.
  • Fairfax VA
Posted

Dear All, 

I was reading Brandon's book on managing rental properties, thinking request a deposit to hold after you approve a tenant is a good idea, only to find out it is not allowed in my county. So what should I do after I approve a tenant? Do I still show my unit to other people and process other applicants until that approved tenant signs a lease? I don't think anyone would want to sign a lease right after they are approved, like within 24 hours. How long should I wait? What if they later changed their mind and don't want to sign a lease anymore? Or what if I keep showing my unit and processing applicant and found another qualified tenant? Not really sure what to do here. 

Would really appreciate your advice! Thanks a ton! 

Loading replies...