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Updated over 4 years ago on . Most recent reply

Tammy Mason's profile image
Tammy Mason's profile image
Tammy Mason
  • Investor
  • from Fontana, CA
  • Member since Aug 14, 2020
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User Stats

125
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94
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Tammy Mason's profile image
Tammy Mason's profile image
Tammy Mason
  • Investor
  • from Fontana, CA
  • Member since Aug 14, 2020
Connect
Tammy Mason
  • Investor
  • Fontana, CA
94
Votes |
125
Posts
General Landlording & Rental Properties

Collecting Security Deposit from Existing Tenant

Tammy Mason
  • Investor
  • Fontana, CA
Posted

How do you collect a security deposit for tenants that currently live in one unit of a multi-family I'm scheduled to close on in two weeks? The seller never collected a security deposit from the tenants and has indicated in our contract it is my responsibility to collect the security deposit.
How would you go about collecting the deposit? The rent is currently $1K (which is slightly below market value).

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