Eric S.
Does NJ "7% interest on security deposit" apply after move out?
In bold is a NJ statute regarding notification (or lack thereof) of security deposit information and the penalty assessed when landlord fails to notify and cure. Following that are my questions:
If notification is no...
Alysha Pederson
Pet Deposit or Monthly Pet Fee?
Hello BP Team,
My name is Alysha and I live in Littleton Colorado. I am curious if many of you prefer a pet deposit or prefer monthly payments. I have a 3bd 3ba single family. In either instance what is your price? ...
Rukiya Kelly
Property Manager won’t return tenants deposit
Hi! I fired my property manager in June 2023. As of today and after multiple requests, he has not transferred the tenants deposit to me. He also says that he has less than I required for the deposit. What can I do?
Tri Phung
3 properties in LLC....seperate bank accounts?
Hey there BP members! I just started a LLC last year and have since put 3 proeprties in the LLC. Should I open 3 separate bank accounts for these proeprties all in the LLC name or is it ok to keep all rents and expe...
Jeremy Paschedag
Security Deposit Separation
Over the weekend I heard third hand that, at least in Missouri, security deposits should be in a separate bank account than the main bank account. Supposedly it comes up if you're audited. I was told that you can use ...
Michelle Hardy
Where do you keep your tenants security deposits?
Hi Everyone,
Right now, I have my tenants' security deposits in separate savings account at an online bank. Is this how most people do it? If not, can you share where you keep the security deposits. Thank you in...
Jim Skaff
Landlord withholding security deposit in FL
Hello all,First time poster and long time admirer here. I have an issue and I'm not sure if I should get a lawyer or not. My landlord just sent us just an excel document listing "damages" and their "cost". He is withh...
Kirk R.
what to do with renter's deposit? tenant moved to singapore unable to contact.
no way to contact tenant who moved to singapore. his deposit is sitting in account drawing like..0.1% interest. my plan is to leave deposit there til he contacts me?
Connor Wentling
What should I do with a damage deposit?
Hello BP community,
I'm closing on my first investment property this month and have lined up a tenant for one year. My plan is to collect one month's rent as a damage deposit. That seems to be a standard approach, bu...
Ryan Sajdera
Security Deposit
Hello,I'm new to real estate investing and I just recently purchased my first duplex. I live in one side and rent the other. I am wondering, since I am not using a third party property manager, how I should store the ...