My hope would be you have some sort of deposit to help cover costs.

We didn't renew his lease, but offered him $250 and his full deposit if he moves out 15 days early.

I will have security deposit check in hand, do the walk through when you hand me the keys, and I will hand you the check.

Buyer will put down 10% deposit.

I wonder who's going to pay the advertising, office supplies, management, maintenance, entity maintenance, damage done by tenants (above the security deposit), legal fees, utilities (during vacancies), evictions, vacancy expenses, lawsuits, capital expenses, etc, etc, etc (I could go on and on and on).

I guess I did have one tenant that didn't pay their final water bill, but I deducted that from their security deposit.

You might have to pay part of their moving costs or deposits on a new place to live.

Hi, I wonder when you collect the deposit and 1st month rent?

Buy and Hold Chart of Accounts should include the following:Assets:Checking AccountSavings AccountTenant Deposit Account(if you have all three - if not, whatever accounts you have)Mortgage Escrow Account (set up as a checking account)Rents ReceivablePrepaid ExpensesProperty AssetOther Depreciable Assets such as Furniture & Fixtures, EquipmentLiabilities:Accounts Payable (if you're using a feature where you record your bills to be paid, then pay them out of the software.  

Then I just write the deposit amount in as received and on file.