Real Estate News & Current Events
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 3 years ago,
Bank says I need a w-9 from my tenant for his security deposit
Hi All, my tenant is on his second year lease, pays on time and takes care of the property. He texts me when repairs are needed and I have the repairs made. The security deposit, $2625 is supposed to be put into a bank account which I have it in my personal separate account. I called a local bank and the lady said that the tenant needs to fill out a w-9 and after he does that, I would bring it to the bank and open a savings account for his deposit. I texted the tenant that I would bring the w-9 by for him to fill out. It has been a week and haven't heard back from him. Any ideas on what to do? Just keep his deposit in a separate account? Fyi, his lease is up for renewal July 31. He also got renters insurance I guess since his has so much personal property, every room the in the house is full of his stuff.