Tenants’ Security Deposits: The Law and Accounting – Landlording TV – #29
Security Deposits can actually get very technical! Depending on your state, you might be required to:
- You may have to pay interest on each Security Deposit depending on the number of units in each of your properties.
- The interest rate is determined by your State
- You must offer several different options to pay your tenant their Security Deposits’ interest
- You are entitled to Administrative fees on the interest (watch to see what I mean)
Landlord Lessons:
- Use RentCheck, our Free Online Landlord Software, to help record your Security Deposits.
- Learn your State’s Laws regarding Security Deposits. They can get very technical!
Go to http://www.GetRentCheck.com to sign up for your free account, now!

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