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All Forum Posts by: Cameron Foster

Cameron Foster has started 1 posts and replied 2 times.

General Landlording & Rental Properties

Post: How much do I charge for a deposit to hold?

Cameron Foster
Pro Member
Posted
  • Rental Property Investor
  • Derry, NH
  • Posts 2
  • Votes 0

Great points. Thanks everyone!

0 Votes
General Landlording & Rental Properties

Post: How much do I charge for a deposit to hold?

Cameron Foster
Pro Member
Posted
  • Rental Property Investor
  • Derry, NH
  • Posts 2
  • Votes 0

Hello All,

I am currently in the process of renting out my unit in Derry, New Hampshire for the first time and noticed in The Book on Managing Rental Properties that it recommends taking a deposit to hold the unit after accepting a new tenant. Because this deposit typically transfers over to the new tenant's security deposit, should I be charging an amount equal to the security deposit or only a fraction of that amount? What is common practice? Thanks!

0 Votes