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Updated almost 2 years ago,

User Stats

157
Posts
33
Votes
Linda Thomas
  • Rental Property Investor
  • Allentown PA
33
Votes |
157
Posts

Security deposit refunds

Linda Thomas
  • Rental Property Investor
  • Allentown PA
Posted

Hello,

Do you charge an administrative fee when drawing up an itemized list for the security deposit refund? if so, how much? does it vary by state? 

this is from google?  property owners operating in the state of Pennsylvania who collect the security deposit of more than $100, and place it in an interest-bearing escrow account, must pay the interest earned to the resident each year. Property owners may collect 1% of the interest as an administration fee. 

what if you didn't put it in an escrow account? how do you know how much interest to apply? 

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