Bob Asad
How do you prevent co-mingling of funds?
If I have 2 rental properties and charging 1st, last, and security; can I take the last and security for both places (combined) and put them into a Bank of America savings account?In other words, I already have a chec...
Chad Hurin
NC Rental Deposit Trust accounts - What banks...
Hi NC,What specific banks do you use for your Renters deposits? I can't seem to find many banks that has a 'trust' product for landlords to keep their tenants deposit in. Thanks
Philip L.
Security Deposit Rules
I understand that the security deposit needs to be in a regulated financial institution account - I currently put them into my company's chase business savings account - is this good enough or are we required to open ...
Sam Leon
Do you really deal with interest for security deposit?
Was just wondering, if many of here would deal with paying interests for security deposits?
In our Florida standard FAR/BAR residential lease contract there is this...
"If Tenant has paid a security dep...
Brett Barber
Holding a Property with a Deposit?
I believe I've selected a renter for a house I own, but they aren't able to take possession for 30 days. They'll be paying rent in their apartment. Of course, I want to avoid committing the property to them, only to h...
Al Bunch
Security deposit - high vs. low
So I'm interviewing property mgmt companies and yesterday I talked to two new ones. While throwing questions at them, the second company said they typically only charge $300 for a security deposit (vs. the standard "...
Austin Davis
Business Bank Accounts questions
Hello BP,My brother and I are starting our business together and just got our LLC established. I have a couple "getting started" questions about getting a business bank account that I would like opinions on. 1. Is ...
Bruce Gardner
Zero Deposit for Security Deposits
Background - there are a couple companies out there who provide special insurance for no security deposit. One is called "Zero Deposit" based in Europe, another is Rhino. In essence, tenants don't pay a security dep...
Gabe Viteri
Who is liable for the deposit when property ownership changes?
For example, a tenant in a property puts down one month security deposit at the signing of the lease to landlord A. The property is sold to landlord B half-way through the tenants lease.
Now the lease is up and I ass...
Lamont Marable
Renters won't need cash for Security Deposit
In Cincinnati Ohio, renters won’t necessarily need a cash security deposit anymore under a new law passed by Cincinnati City Council. This will help alleviate barriers to renting an apartment, the law says landlords m...