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Tag Archives: tips for rental property security deposits

Tenant Guide to Understanding Rental Security Deposits and Deductions

Tenant Guide to Understanding Rental Security Deposits and Deductions

Rental security deposits are important for owning and managing a rental business. If you are a first-time renter and don’t have experience with security deposits, you may not understand why they are necessary and how they work. Some renters assume that they are entitled to their full security deposit when they move out. However, in […]

Understanding Renter’s Choice Deposit Alternatives

Understanding Renter's Choice Deposit Alternatives

For already cash-strapped tenants, paying thousands of dollars in an upfront security deposit becomes a barrier to necessary housing. According to Paraag Sarva, CEO, and co-founder of Rhino, residential security deposits total $40 billion in just the U.S. market. But is there any alternative when a security deposit is vital to protecting the landlord and […]

Landlord’s Guide to Deposits and Reasonable Charges for Tenant Damage

Landlord's Guide to Deposits and Reasonable Charges for Tenant Damage

Disputes over a tenant’s security deposit can cause stress and even court battles for property owners. That said, handling a security deposit is not as simple as collecting the amount you want and keeping it to cover any repairs at the end of the lease. Instead, careful preparation, a legal lease, and knowledge of the […]

What Is a Rental Security Deposit and Why Is It Important?

why is a security deposit important

Security deposits are an essential part of rental property management. No one likes to think about things going wrong, but a security deposit provides just that – security against unexpected situations such as damages and lease breaks. Deciding how much to charge is just as important as understanding what a security deposit can be used […]

Loss Recovery Tips for Your College Park Rental Home Management Plan

loss recovery for landlords PG county

Losses can come in many forms, lost rent, damages, or unexpected lease breaks are just a few examples. How to handle these losses is an integral part of your College Park rental home management plan. Learn important distinctions regarding damages plus how to recover the loss by legally withholding rent below. What Are Security Deposits […]

The Difference Between a Security Deposit and Last Month’s Rent

When a new tenant moves into your property, it’s time to start generating income from your investment. And not just from the first month’s rent – you have two other instant revenue options as well: the last month’s rent and the security deposit. Both of these are excellent ways to test a tenant’s financial stability […]

6 Security Deposit Best Practices You Should Be Using As A Landlord

As a Maryland landlord, you can’t just “wing it” when it comes to handling security deposits. You have to follow specific procedures and adhere to Maryland laws (whether you’re in Prince George’s County or elsewhere in Maryland). Otherwise, you could end up in court and/or owe your tenants a lot of money! To help you […]