Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 11 years ago,

User Stats

555
Posts
261
Votes
Mike Franco
  • Los Angeles, CA
261
Votes |
555
Posts

One month security is never enough. Why not collect more?

Mike Franco
  • Los Angeles, CA
Posted

Most rentals in my area only charge security deposit equal to one month rent. They don't collect last month rent up front either.
Renters in my area have taken this for granted, and some are boggled by why I charge 1.5x rent.

1x rent is never enough. Once back rent is deducted, you have nothing left for damages.

If you're one of those who collects only one month security, what's stopping you from collecting more?

Loading replies...