Hi BP,I am an aspiring real estate investor who currently rents. I recently moved out of a house in Cuyahoga Falls, Ohio that a friend and I rented for 2 years. When we moved in, we had to give a security deposit of $...

Hello,I've recently signed  a lease with a new tenant. I made the mistake of accepting a personal check for the security deposit. I now know never to do this, please spare me and help with my current issue at hand. Th...

My tenants are moving out and I sent them a letter informing them of the process for the move out inspection as well as returning their deposit.  I asked for a forwarding address to send the deposit via certified mail...

WA state requires the security deposit account separate from your other bank accounts. As a new rental property owner, I'll create a new account for security deposit. Wondering though if I can use the same account to ...

Hi BP Family I hope everyone is out there safe and taking care of others the best they can! So I have potential tenants that passed all qualifications and seem to be great people. They want to move in middle of month ...

Are "deposit insurance" instead of security deposit companies legit?

The programs where tenants pay a smaller amount/fee to "guarantee" a security deposit? The ones where tenants buy "insurance" (if that's what it's ...

Hello,I recently had a tenant who has relocated abroad. Since the forwarding address will be outside the US, and difficulty converting a US dollar check to local currency, he has suggested I deposit the security depos...

Hi everyone ,

I am just curious to know the deposit money can I just to an LLC business account . Or has to put a separate account that's for deposit only?

Do we have to make things so complicated ?

Thanks

Has anyone used a certificate of deposit to hold a tenant lease security deposit? Upsides? Downsides? I saw it on a state government website for holding security deposits and never heard of it.