Should I Charge MOVE IN FEE or TRADITIONAL SECURITY DEPOSIT. HELP

[Charlie Moore]

- Do you charge move in fees?

- Do you ever run into issues with this?

if you do not charge a move in fee..... Where Do you end up putting the security deposit? Bank???

[Chris K.]

@Charlie Moore

As an attorney and investor from Pennsylvania, my experience has been that any investor that has their stuff together uses an escrow account for security deposits. It takes minimal effort to set up and maintain. Most banks will have a product available to serve as an escrow account.

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney. What I wrote above does not create an attorney/client relationship between us. I wrote the above for informational purposes. Do not rely on it for legal advice. Always consult with your attorney before you rely on the above information.