Michael Palmer
Security deposit in New York State
What is the time limit for returning a security deposit to a tenant in New York State (outside of NYC)?
Lien Vuong
Landlords, Open Security Deposit Accounts Online!
This a recurring question I get all the time from clients and other investors about the security and last month's deposits. This is a free platform by Leader Bank that expedites this and automates the process. Landlor...
Monica Evans
Deduct paint cost from security deposit?
Experienced landlords:Generally speaking, when you are turning a property between long term tenants, do consider re-painting as a “standard” part of the process? Or, do you consider that as “extra” wear and tear and d...
Dan Berger
Best bank to hold security deposit
I'm a first-time landlord with just a single rental property. I'm looking for where to open a segregated account to store my new tenant's security deposit.- NY State based (AFAIK this is a legal requirement)- Easy to ...
Ann Baker
Security Dep Damages not yet repaired
Hi,Can we deduct from security deposit damages not yet repaired but nonetheless were damaged by the vacating tenant? How would we calculate the damage?Specifically, countertop that was greyed out by something they did...
Alfonso Hernandez
Securing Your Lease against break-ins
Hello everyone,
Just wanted to see if anyone on here had any gold nuggets/ideas on how you can avoid from someone breaking in and either stealing your items or damaging your property. I just went to go check on my l...
Michael C.
Security Deposit and Wear and Tear
We have a SFR in Texas that is ~7 years old now. The carpet and paint were original, with a few small spots on the carpet before the tenant moved in. Those were cleaned after they moved in. Unfortunately I don't have ...
Erich Oertel
First month, last month, security deposit?
I am renting my property for the first time. Normally, what’s collected prior to moving in? Is it first month, last month, and a security deposit? I’m getting mixed advice. Some say just first and last month, with no ...
Connor Corkrin
Security Deposit Bank Account for Tenants
Hey again all,So I'm just finding out that there is a law requiring tenant's security deposits to be held in a separate account at 3% annual interest. Is this true?If so, are these types of accounts common with local/...
Fahima Hilal
Tenant security deposit accounts in NJ
Hello landlords, Do you open a separate landlord/tenant account for the security deposit everytime you rent a unit ? WHat about the multiplexes? It does get difficult when the number of units gets bigger, doesnt it ? ...