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

Let them pay the deposit with a credit card.

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

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? 

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

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.

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...

Here's the deal: You don't need to withdraw and return the current security deposit just to collect the additional $100.