First and Last Month's Rent + Security Deposit Prior to Move-In?

[Bjorn Ahlblad]

I am surprised at how many LL seemingly do not collect First, Last and security deposit at move in. I thought everybody did? Security Deposit for us is equal to one month's rent. What's y'alls practice on this?

Thanks in advance,

Bjorn

[Kenneth Mooney]

@Bjorn Ahlblad if we tried to collect security deposit AND two months rent up front we would never rent a house I believe. We do security deposit equal to one months rent and prorated rent for the first month (second month is full month to get resident on a 1st of the month payment schedule). Majority of our properties are C class with some D class and some B and A class. 80% C class overall.