Our lease contains a clause stating the security deposit cannot be used for the last month's rent. 3.

As a PMC, we allow tenants to:1) Mail in rent (we charge a Processing Fee)2) Deposit at our bank (we charge a Processing Fee, but less than the mailing one)3) Use Zelle, Venmo, etc. 

We completed our due diligence within 10days and once the report came back, we immediately requested our deposit back. 

You can't beat the price, either, or the interest rate on deposits.

Sellers may struggle to mentally shift from "owner" to "tenant," which can create challenges with boundaries and property care.Security Deposit:If you’re doing a temporary leaseback, be sure to collect a substantial security deposit to cover potential damages and ensure they vacate on time.

Here's a good folder setup.Bank StatementsCredit Card StatementsProperty Management StatementsMortgage StatementsSTR Platform StatementsInvoicesReceiptsClosing Documents (Purchase/Refi/Sale)LeasesCheck & Deposit ImagesVendor ContractsW-9’s & 1099’s

Did you collect a pet deposit?

The deposit amount when working with a lender comes from the lender - it is basically the amount of skin the lender wants you to have in the game. 

Renter's Insurance is a cheap date for the tenant; it protects their security deposit and assets. 

Large deposits are nice, but very difficult to actually get access to escrow funds in the event of default.