People like to ridicule what they don't understand, but when the government inflates the dollar away, or taxes whats hiding in your safe deposit box, or we do a bank bail-in like Cyprus did, THEN maybe some people will bother to read a few articles and learn about Bitcoin.   

It will be endless.

*Tenant payments via ACH not deposited into a Baselane Banking account will incur a $2 fee.

At least a bank that you have your relationship with and super strong deposits  and could probably hypothicate them and get a under 10% rate.. just musing..

Yes, I’m using TheGuarantors platform for long term and Waivo for midterm and short term tenants instead of a traditional deposit. 

Think of 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.

Personally, I would keep the deposit out of the conversation.

One of the reasons I asked the question is that it seems strange to me that a property management wouldn’t take anything upfront if they inherited a house that wasn’t ready for rent .Our property management also does the cleaning ( deep clean over 4 days was $1000 but they had to deal with some nasty pet hair , fleas etc)and that included some cover up paint etc .One lesson learned here is every contract with owner : property management varied greatly it seems from what is needed .But moving forward - I feel that $500 a month on a $2100 a month property is too high once it’s rented - unless endless problems persist of course ..thanks for your insight!

How do I exit this Groundhog Day-like endless loop?

I hope your PM kept the deposit and can use that towards the cost.