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 […]
Tag Archives: why do i need a security deposit for my rental property
19
Aug
Aug
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 […]
28
Jul
Jul
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 […]
28
Oct
Oct
Obtaining a security deposit is one of the most important things a landlord can do before renting out their Howard County property. In fact, those that do not require a security deposit from their tenants often face many costly expenses when their tenant moves out. Unfortunately this leaves the landlord responsible for damage to their […]