You will receive the security deposit in Checking but then transfer it to Savings.

First of all- the security deposit isn't "yours," but it isn't the PMs, either.

Let them pay the deposit with a credit card.

For all multi-family properties we always handle the lawn care as there are common areas so we can't expect the tenants to care for it.When sending the security deposit claim we state the additional cost that is owed for damages even if the entire security deposit is claimed for other damages.

At the end of the lease term, it's a simple as printing that spreadsheet so it shows all itemized deductions from the security deposit.

I wanted to see what other people were using to set up their security deposit accounts? 

Is the landlord required to return the full security deposit to tenants ( or partial security deposit with itemized list of what deductions were made) within 21 days? 

If Person A had any claim to the deposit, it would have been right after they left, which apparently was over a year ago.Your agreement is with Person B and that's who you would return the deposit to.

He has no legal rights to the property or the deposit because it belongs to the legal occupants of the rental.

Have a rental in the Phoenix metro. Rented the property with a professionally cleaned carpet. The tenant left with a not so clean house. We deducted the cost of cleaning the home, the carpet, and some other drywall an...