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Updated almost 5 years ago, 03/01/2020

User Stats

16
Posts
6
Votes
Shawn C.
6
Votes |
16
Posts

Deposit to Hold Amount in L.A. area (Eagle Rock/Highland Park)

Shawn C.
Posted

Any thought on this from L.A. area house-hackers out there?

I'm looking for a roommate to share a SFR and the BP book advises collecting an entire month's rent for the Hold Fee. It's my first toe-dip into house-hacking and I just know that in my prior rental experiences, the Hold Fee wasn't a full month's rent amount, it was a % that then got applied towards the remainder of the Security Deposit.

Does everyone else request the full Security Fee amount as the Deposit to Hold?

Thanks!