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Updated about 3 years ago,

User Stats

4
Posts
4
Votes
Margaret Payne
Pro Member
  • Chicago, IL
4
Votes |
4
Posts

Tenant wants security deposit refund in cash

Margaret Payne
Pro Member
  • Chicago, IL
Posted

I purchased my first house hack that was fully occupied at the beginning of April and provided a notice to vacate to one of the tenants to move out by May 31st.

He has let me know he found a place and would be out sooner, by this weekend. I’m happy he has found a place and the sooner move out date helps me as well get started on rehab and moving in.

The problem is he states he doesn’t have a bank account or a valid ID (due to COVID) and wanted me to bring cash. I said I could not do that and He agreed to accept a money order. I’m doing some googling and I’m not positive he’s going to be able to cash that any easier than a check.

Should I bring him cash? I made it clear I was not bringing cash because I didn’t feel safe creating that situation where he knows I’m showing up with cash, but I also want to make sure he can get his money to move on to his next place.

Does anyone have a good solution to this or a recommendation?

  • Margaret Payne
  • Loading replies...