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News for Real Estate Investors and Landlords — rental

Tenant Security Deposits as Income Source?

Posted by 15789465 on

I've seen a strong trend, nation-wide, to use security deposits as an income source for landlords. No, I'm not talking about a tenant moving out with a dirty apartment and forfeiting a $750 security deposit. The trend is to allow good tenants, or tenant prospects with excellent credit and steady employment, to "buy out" of their security deposit completely, or partially. Here's one scenario:  Jane has a $1,000 security deposit. She's been a tenant for two years and always paid her rent exactly on time. Her neighbors love her, and the house/apartment is always neat as a pin. When it's...

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