You can then tell the security office to disregard any alarms the rest of the night if needed.They run off of batteries and need to replace about every 3 years. 

Now, over a year and a half later, he sent a certified letter last week demanding the security deposit or legal action within 30 days.Please advise. 

Just be sure to clarify that she isn’t a leaseholder but is authorized to reside in the unit.If you’re concerned about liability or want more peace of mind, you could ask the primary applicant for additional security, such as a higher deposit, depending on what’s allowed under Colorado law. 

McElhannon: I'm curious on peoples go to approach to secure financing for an investment property - use a broker? 

With fluctuating interest rates, tighter lending criteria, and increased competition for properties, securing the right financing has become a key factor in closing deals and maximizing ROI.Are you exploring creative options like BRRRR, partnerships, or seller financing?

Real estate investment is always a matter of perspective and strategy, and the current market environment is no exception.

But I also understand some people don’t really care about the cash flow as much as the security of not having to worry about a vacancy or whatever.

Quote from @Phillip Austin: There are two alternatives to a security deposit, which I speak about in my book.

You must keep the tenants security deposit at a bank that physically operates a branch office in the State of NC.  

Let’s break this down:The case for holdingThe 4.75% interest rate is a valuable asset in today’s high-rate environment.