If you mean security backed by collateral, you are correct.

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? 

Yes, the BRRRR method can work with multifamily properties, and many investors have done it successfully.

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?

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

The BEST method for real estate investing is very simple: increase earnings, reduce expenditures, save, and invest from your own funds.You should focus on increasing earnings and learning how to manage your budget.

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