Help me respond-.. it's f
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Help me respond-.. it's f (by Sharon [CT]) Jan 6, 2022 2:34 AM
       Help me respond-.. it's f (by Robert,OntarioCanada [ON]) Jan 6, 2022 3:28 AM
       Help me respond-.. it's f (by Richard [MI]) Jan 6, 2022 6:33 AM
       Help me respond-.. it's f (by Bonanza [NC]) Jan 6, 2022 6:35 AM
       Help me respond-.. it's f (by Tony [NJ]) Jan 6, 2022 6:46 AM
       Help me respond-.. it's f (by MAP [NY]) Jan 6, 2022 6:52 AM
       Help me respond-.. it's f (by Robert J [CA]) Jan 6, 2022 6:58 AM
       Help me respond-.. it's f (by myob [GA]) Jan 6, 2022 7:17 AM
       Help me respond-.. it's f (by Dave [MO]) Jan 6, 2022 7:53 AM
       Help me respond-.. it's f (by Still Learning [NH]) Jan 6, 2022 8:14 AM
       Help me respond-.. it's f (by Jason [VA]) Jan 6, 2022 8:24 AM
       Help me respond-.. it's f (by NE [PA]) Jan 6, 2022 8:28 AM
       Help me respond-.. it's f (by Rick [IN]) Jan 6, 2022 8:48 AM
       Help me respond-.. it's f (by WMH [NC]) Jan 6, 2022 9:00 AM
       Help me respond-.. it's f (by myob [GA]) Jan 6, 2022 9:03 AM
       Help me respond-.. it's f (by DJ [VA]) Jan 6, 2022 9:18 AM
       Help me respond-.. it's f (by plenty [MO]) Jan 6, 2022 9:21 AM
       Help me respond-.. it's f (by Sir Walter [NC]) Jan 6, 2022 10:18 AM
       Help me respond-.. it's f (by Nicole [PA]) Jan 6, 2022 11:01 AM
       Help me respond-.. it's f (by Ray-N-Pa [PA]) Jan 6, 2022 11:33 AM
       Help me respond-.. it's f (by LisaFL [FL]) Jan 6, 2022 1:23 PM
       Help me respond-.. it's f (by Sharon [CT]) Jan 6, 2022 2:21 PM
       Help me respond-.. it's f (by Jim in O C [CA]) Jan 6, 2022 2:29 PM
       Help me respond-.. it's f (by don [PA]) Jan 6, 2022 2:34 PM
       Help me respond-.. it's f (by Laura [MD]) Jan 6, 2022 2:46 PM
       Help me respond-.. it's f (by MikeA [TX]) Jan 6, 2022 10:42 PM
       Help me respond-.. it's f (by Allym [NJ]) Jan 7, 2022 6:16 PM
       Help me respond-.. it's f (by Mike [PA]) Jan 7, 2022 9:03 PM
       Help me respond-.. it's f (by don [PA]) Jan 7, 2022 11:15 PM
       Help me respond-.. it's f (by BRAD 20,000 [IN]) Jan 8, 2022 2:27 AM

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Help me respond-.. it's f (by Sharon [CT]) Posted on: Jan 6, 2022 2:34 AM
Message:

So a prospective tenant asked me a question after she filled out my application which by the way I did not charge an application fee for. It's a studio apartment and rent is $750 and security is $1000. The question... "Hey why is the deposit $1000? How would you respond? Obviously, she just sealed her fate. --32.213.xxx.xx




Help me respond-.. it's f (by Robert,OntarioCanada [ON]) Posted on: Jan 6, 2022 3:28 AM
Message:

Consider contacting a landlords association where google to find one. Make sure the deposit is legal within the landlord and tenant act or rules. More then likely she does not the funds for security deposit. Some jurisdictions do allow a cleaning, damage deposit where first and last only so be sure. Sometimes it is a motivation issue. Maybe late for now but was a thorough credit check where sometimes can find a few different addresses over a period of a year or unpaid utilities which immediately disqualifies. So if it is legal then state the policy where will have decide if she really wants the rental unit. Some rental housing providers learn from the hard school of knocks instead checking everything out. Found belonging to a landlords association where the cost was small compared learning to what can happen. Had one said she was to take me human rights tribunal as it was discrimination. She had a unpaid cable and cell phone bill for around $750 each. Told her that really wanted rental unit would have to make arrangements with social assistance where did not want to do that as the renege later. She never called back or took me to human rights. Another applicant refused where told they could reapply once they fixed the negative credit reports where doubt that was going to happen where they owed thousands. Was absolutely not prepared to hand keys through the gates of hell where it is rent arrears along with a completely trashed out rental unit. Seen some move into town then trash out every rental unit is town then move on where the free rent game is a never ending story. --99.236.xxx.xxx




Help me respond-.. it's f (by Richard [MI]) Posted on: Jan 6, 2022 6:33 AM
Message:

As long as the amount is withing the limits, the answer is "because I want that much". No answer is really needed. They don't like it, find a different place.

--75.7.xx.xx




Help me respond-.. it's f (by Bonanza [NC]) Posted on: Jan 6, 2022 6:35 AM
Message:

Because the more skin you have in the game the better you will take care of the property. At least in theory. --65.188.xxx.xxx




Help me respond-.. it's f (by Tony [NJ]) Posted on: Jan 6, 2022 6:46 AM
Message:

" It's typical for a place of this caliber" --73.215.xxx.xx




Help me respond-.. it's f (by MAP [NY]) Posted on: Jan 6, 2022 6:52 AM
Message:

"Thank you for taking the time to DQ yourself." --72.231.xxx.xx




Help me respond-.. it's f (by Robert J [CA]) Posted on: Jan 6, 2022 6:58 AM
Message:

I'd say that several of my past tenants or tenants of a friend did not bother to come back and clean up or haul away their junk because the deposit was so little they opted to leave a mess and forfeit their deposit. By charging enough, this gives a departing tenant the incentive to clean up after the tenancy is over. --47.155.xx.xxx




Help me respond-.. it's f (by myob [GA]) Posted on: Jan 6, 2022 7:17 AM
Message:

We use to get 1500.00 (double the rent as security). I spoke to the owners and thought in your case considering your employment and your credit that 1000.00 is more than enough in your case. --99.103.xxx.xxx




Help me respond-.. it's f (by Dave [MO]) Posted on: Jan 6, 2022 7:53 AM
Message:

I would say ďby law owners can charge double the rent $1500 but the owner only wants a $1000 and we think thatís fair.

And we are happy to give a full refund when the property is returned in this same condition you see today. --174.202.xxx.xx




Help me respond-.. it's f (by Still Learning [NH]) Posted on: Jan 6, 2022 8:14 AM
Message:

Was it tone of voice or asking after the application? I understand some questions sealing fate like a recent one I had: can I put the bunk beds down here (unfinished basement with sump pump and furnace. If other landlords donít charge 1 1/2 times rent, that is a valid question. --75.67.xxx.xxx




Help me respond-.. it's f (by Jason [VA]) Posted on: Jan 6, 2022 8:24 AM
Message:

Block the number and move on. If you're inclined to answer for some reason just rely on the canned response: "It's policy" or "it's what the owner requires". --165.225.xx.xx




Help me respond-.. it's f (by NE [PA]) Posted on: Jan 6, 2022 8:28 AM
Message:

Thatís a fair question since most SDís are equal to a months rent. Tell her thatís the standard for your business. Sheíll say oh ok and leave it at that. Or sheíll say is that negotiable? And then I would start working her out the door. --24.152.xxx.xx




Help me respond-.. it's f (by Rick [IN]) Posted on: Jan 6, 2022 8:48 AM
Message:

Includes filing eviction fee in case you come to that :) --50.229.xx.xxx




Help me respond-.. it's f (by WMH [NC]) Posted on: Jan 6, 2022 9:00 AM
Message:

I head those questions off at the pass by stating up front that "Our Security Deposit is 2x the rent, the maximum allowed by law. We have found that tenants with more skin in the game tend to take much better care of the place! We don't make money on deposits, we make money by keeping our places rented. If we are able to refund you in FULL when you leave, we are very happy Landlords, because that means you returned it clean and undamaged. And in fact these days we refund about 99% of our deposits because we are choosy about who we rent to."

This explains things and makes them feel better because they are being chosen. --50.82.xxx.xxx




Help me respond-.. it's f (by myob [GA]) Posted on: Jan 6, 2022 9:03 AM
Message:

as a LL's and owner we haven't had the same SD as rent in over 8 years. Never less. Our base is 1500. minimum on any rent. --99.103.xxx.xxx




Help me respond-.. it's f (by DJ [VA]) Posted on: Jan 6, 2022 9:18 AM
Message:

I completely agree with NE

It's not a DQ, its a person who thinks about what they are doing & where they are spending their money.

Use any of the good (friendly) explanations that were suggested. Then see what the response is. --68.229.xxx.xxx




Help me respond-.. it's f (by plenty [MO]) Posted on: Jan 6, 2022 9:21 AM
Message:

Fair question. So back to you "Why is your security deposit $1000 and rent $750?Ē --172.58.xxx.xxx




Help me respond-.. it's f (by Sir Walter [NC]) Posted on: Jan 6, 2022 10:18 AM
Message:

Why is this a disqualifying question? What am I missing?

Is this the first time you've had a different amount for the rent and the security deposit, and therefore have not been asked the question before.

I am assuming that most of your competitors have the same amount for monthly rent and the security deposit. If so, the difference would stand out. Without any other clues, I would assume that this would be a natural question for someone to ask, and for the landlord to have a short prepared answere for.

However, demanding a different security deposit amount is a different story. You do not indicate that she did this. --98.122.xxx.xx




Help me respond-.. it's f (by Nicole [PA]) Posted on: Jan 6, 2022 11:01 AM
Message:

I agree that this is in no way an out of line question. Traditionally the majority of all security deposits, no matter the type unit, has been equal to one month's rent.

--98.237.xxx.xx




Help me respond-.. it's f (by Ray-N-Pa [PA]) Posted on: Jan 6, 2022 11:33 AM
Message:

My Response?

Are you asking me to raise the rent to $1,000? --24.101.xxx.xxx




Help me respond-.. it's f (by LisaFL [FL]) Posted on: Jan 6, 2022 1:23 PM
Message:

Iíve always said, when told ďother landlords donít charge so muchĒ:

Well yes, rent is $900 and the deposit is $1200. A total of $2100 to move in.

Most other landlords charge 1st, last and one month security which in this case would be $900x3= $2700.

When rent increases we have to collect more to cover the last month at that time as well so weíve found doing it this way, not charging last month but a higher deposit which is potentially fully refundable works better for us and our tenants. Any more questions? --24.96.xx.xxx




Help me respond-.. it's f (by Sharon [CT]) Posted on: Jan 6, 2022 2:21 PM
Message:

Lisa from FL. A very well thought out response. I thank you. --172.58.xxx.xxx




Help me respond-.. it's f (by Jim in O C [CA]) Posted on: Jan 6, 2022 2:29 PM
Message:

I arrive at my security deposit based on the tenants financial situation and credit history. If the rent is $2500 I use a $2600 or more deposit. Years or months later I donít want the tenant believing they paid first months rent and last months rent and no security deposit.

--99.23.xxx.x




Help me respond-.. it's f (by don [PA]) Posted on: Jan 6, 2022 2:34 PM
Message:

When there is a common price for something across a marketplace consumers begin to think of that as a "standard" and feel that a deviation either is not allowed or must be justified. --73.141.xxx.xxx




Help me respond-.. it's f (by Laura [MD]) Posted on: Jan 6, 2022 2:46 PM
Message:

I am with Jim OC....security deposit and rent are always different amount, with security deposit being more than last month's rent. I too don't want the tenant to use the security deposit as the last months rent. I want them to clean the place up, so they can get some of the deposit back! --108.56.xxx.xx




Help me respond-.. it's f (by MikeA [TX]) Posted on: Jan 6, 2022 10:42 PM
Message:

The amount is based on the risk. Since the Government got involved with things like eviction moratoriums, I am in the process of raising deposits. In March it will go to $2000. --209.16.xx.xxx




Help me respond-.. it's f (by Allym [NJ]) Posted on: Jan 7, 2022 6:16 PM
Message:

The answer is that people tend to leave without paying the last month's rent so we like to have enough money to cover that loss and also a little to fix the damages that many people do to the rental during their tenancy. --108.24.xx.xx




Help me respond-.. it's f (by Mike [PA]) Posted on: Jan 7, 2022 9:03 PM
Message:

My deposit has been 1.5x rent.

I tell them you add up labor and materials for even basic repairs and they quickly understand. --24.115.xx.xxx




Help me respond-.. it's f (by don [PA]) Posted on: Jan 7, 2022 11:15 PM
Message:

Penna law allows an amount up to two months of rent to be held for security. I always specified that it was 2 months security, not security and last month's rent, and corrected tenants when they misstated it. My thought was why should I give permission to use half of my protection for the last month's rent, leaving me less protected for possible damage to the unit. I know, as a practical matter, if the tenant just goes ahead and uses security for last month's rent, there is little recourse, but why give permission?

Other landlords took a different approach. Penna. law also requires that after a year, landlords can only hold an amount equal to one month's rent for security. By calling half of the security "last month's rent," they avoided having to return it after a year. Not an issue for me. Only one tenant in 30 years has read the law and called me on it to return the second month of security.

Well, the Penna. courts have since ruled that calling half of the deposit "last month's rent" does not change the nature of it, and it counts as security. --73.141.xxx.xxx




Help me respond-.. it's f (by BRAD 20,000 [IN]) Posted on: Jan 8, 2022 2:27 AM
Message:

Sharon,

Itís a legit question. Shows they are paying attention and care about their finances.

Me? ďItís standard. Have you seen the backyard?Ē

BRAD --73.102.xxx.xxx



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