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Updated 9 months ago, 03/25/2024

User Stats

40
Posts
29
Votes
Robert Calabro
  • Rental Property Investor
  • Columbus, OH
29
Votes |
40
Posts

Mid-term rental deposit, application fee, & rent collection

Robert Calabro
  • Rental Property Investor
  • Columbus, OH
Posted

What do mid-term renters prefer when it comes to security deposit? I'm leaning towards a smaller non-refundable deposit vs a full month rent that is refundable. I would love to hear what others have experienced with it. 

Secondly, is it common to do a normal application fee for background and credit? My current platform charges $55. Should I keep doing this or is there something better for mid-term stays?

Lastly, what is the preferred method for collecting rent with mid-term stays? I'm currently using Avail.co for my long-term rentals. 

TIA!

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