Security Deposit Statements
Should you decide to take money from the security deposit to pay for a repair or unpaid bill, make sure you keep an accurate record of each transaction so that you can provide your tenant with a statement at the end of the lease showing how their security deposit was used. Start with the opening […]
Collecting a Security Deposit
One of the most fundamental yet often overlooked principal of renting a property is to collect a security deposit. A security deposit protects you as a landlord from damages to your property caused by your tenants. It also helps you fund any unpaid bills that may be charged to you after a tenant moves out […]