How are you solving security deposits?

[Daniel Francoeur]

So much required for security deposits, it is a bit of headache for something that doesn't generate revenue.

Depending on State you might need to deal with:
Separate bank account
Interest Payable
Return on time
Send all information about security deposit deductions to avoid liability
Applying security deposit for rent and then monitoring the payback period
Accounting

RE: Accounting, when I was managing about 30-40 security deposits a month, my team did the following:
1. Take payments via Stripe (yes, you have to pay the fee, but it was super easy to set-up)
2. Export stripe data to excel
3. Manipulate excel so that it can be formatted for journal entries
4. Import into Quickbooks via TransactionPro

Does anyone have comments on how they are solving the rest of these issues?

Would love to chat in-person, too! Just DM me.