• security deposits

    Security Deposits 101 – The Correct Methods for Handling Security Deposits

    Security Deposits are without a doubt something that you’re going to deal with sooner, rather than later if you’re an owner. In this article, we will share with you several things you should be doing with security deposits that will help you as you grow your portfolio of investment properties. #1 – Be Clear About Your Security Deposit Let’s say that you have multiple deposits including a pet deposit and cleaning fee, in this case, you shouldn’t hesitate to provide your future tenant with a statement that breaks down each deposit. Doing this will help to eliminate any confusion regarding what your tenant is actually paying for and they will…