Can anyone tell me what the laws are around tenant security deposits in the state of NY? For example, is there a recommended account for holding? Also, what do I have to do with the interest earned if keeping the moni...
Why is it that property managers generally hold security deposits in their own account? Isn't this a big liability to the property owner to have no control over this money? Is it just an industry standard or is thei...
I have someone coming to bring a deposit to put my rental on hold for them for March 1st. Which is about 3 weeks away. $500 of the deposit is non-refundable. If he ends up changing his mind and wants to refund his mon...
- When your tenant moves out, How do you handle giving the deposit back?- Do you have a move out checklist and then just deduct?
Hey BPI'm going with a friend, and their landlord, on a final walk-through to make sure the landlord doesn't over-state the damage (if any) to the unit and try and withhold the security deposit. I don't know how this ...
Im interested in purchasing a rental property in 2020 in Pennsylvania and I was wondering if there was a way around paying interest on the deposit for tennants who stay longer then 24 months. I was thinking rather the...
What would you do with the security deposit if the tenant wishes to break the lease early? The tenant mother/roommate passed away. The tenant no longer wishes to occupy the property. I decided to release her from leas...
Hi everyone, I made a super rookie mistake and allowed a tenant to sign a lease before she sent the deposit. She said she would send the deposit later that day via e-transfer, so I sent her the lease to sign after che...
Hi everyone, this is my very first post and I need some advice.Background, I leased a house in CA to a pain in the neck family for 1 year. They broke the lease after 7 months, stating that I was unwilling to fix the s...