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Updated almost 12 years ago on . Most recent reply

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18
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0
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Timmy Perez
  • Culver City, CA
0
Votes |
18
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security deposit refund

Timmy Perez
  • Culver City, CA
Posted

I am preparing to return a security deposit for one of my tenants How do I figure out the interest on deposit which is 1400 ?

Most Popular Reply

User Stats

592
Posts
285
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George Paiva
  • Investor
  • Milford, CT
285
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592
Posts
George Paiva
  • Investor
  • Milford, CT
Replied

I keep my security deposits in interest bearing escrow accounts. When they move if the apartment is ok they get the whole amount if not I deduct and provide settlement charges.

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