Like, in Colorado, I believe you're allowed to keep a tenant's deposit in an interest-bearing account, but you couldn't say buy a car with it, obviously.

You shouldn't have to ask for your monthly draw payment.Definitely look high & low for other PMCs.Curious what they did with the tenant's security deposit?

Make sure their deposit and first months rent payment clears before you give them keys or allow them to move in.

Many Chicago landlords do not collect a deposit as the penalties against them are extreme. 

The issue is 100% the security deposit/move in fee. 

I agreed to give her back the full security deposit even though there was some damage.

)- I'm wanting to open a HYSA for holding the two deposits and then a checking account for the house as a whole for repairs and income collection etc...

You must deposit and maintain your security deposit(s) into your brokerage's trust account registered with GREC.As long as you do this I believe you are clear but it's been a while for Georgia so I'd recommend a quick call to GREC to verify.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

They were supposed to submit prorated January rent, full February rent, and security deposit, per the lease they signed.