Prospect questions
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Prospect questions (by Bonanza [NC]) Jul 1, 2022 8:01 PM
       Prospect questions (by MC [PA]) Jul 1, 2022 8:12 PM
       Prospect questions (by 6x6 [TN]) Jul 1, 2022 9:03 PM
       Prospect questions (by Allym [NJ]) Jul 1, 2022 9:13 PM
       Prospect questions (by Ken [NY]) Jul 1, 2022 10:01 PM
       Prospect questions (by Allym [NJ]) Jul 1, 2022 10:09 PM
       Prospect questions (by Small potatoes [NY]) Jul 1, 2022 11:24 PM
       Prospect questions (by MikeA [TX]) Jul 2, 2022 12:46 AM
       Prospect questions (by Still Learning [NH]) Jul 2, 2022 10:07 AM
       Prospect questions (by Jim in O C [CA]) Jul 2, 2022 10:22 AM
       Prospect questions (by Frank [NJ]) Jul 2, 2022 2:24 PM
       Prospect questions (by zero [IN]) Jul 2, 2022 4:45 PM
       Prospect questions (by WMH [NC]) Jul 2, 2022 5:12 PM
       Prospect questions (by Vee [OH]) Jul 3, 2022 10:03 AM
       Prospect questions (by Ray-N-Pa [PA]) Jul 4, 2022 8:34 PM

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Prospect questions (by Bonanza [NC]) Posted on: Jul 1, 2022 8:01 PM
Message:

Up until this time, I have never had anyone ask to waive the security deposit or pay it at a later date. I've had both recently. One said some of the other rentals he was looking at had lower or no security deposit. The other asked if she had to pay the security deposit with the first months rent.

Well to the first, I wished him the best in his house hunt. To the second, It only made me think that they didn't have the move in funds needed.

dodging bullets me thinks

--65.188.xxx.xxx




Prospect questions (by MC [PA]) Posted on: Jul 1, 2022 8:12 PM
Message:

Dodged them both. --73.230.xxx.xx




Prospect questions (by 6x6 [TN]) Posted on: Jul 1, 2022 9:03 PM
Message:

Isn't the new tenant pool lovely? --73.120.xx.xxx




Prospect questions (by Allym [NJ]) Posted on: Jul 1, 2022 9:13 PM
Message:

With this last tenant, grad student with full ride due to athletics plus housing, I told them I didn't want a security deposit because it makes me have a lot of accounts and the current administration is going to start looking at people like that. My bank branch told me, when I had 20 units, that I had the second largest number of accounts in that bank. I am thinking of giving the other ones back to tenants. But one use of the security account is to give your tenant the means to have another apartment deposit if you want to get rid of them. Saying "I will give your security deposit back and you can find another apartment" is a pretty good thing. --108.24.xx.xx




Prospect questions (by Ken [NY]) Posted on: Jul 1, 2022 10:01 PM
Message:

Ally,do you have to keep security deposits in seperate accounts in your state? --74.77.xx.xx




Prospect questions (by Allym [NJ]) Posted on: Jul 1, 2022 10:09 PM
Message:

Yes unless they are like 10K and then they have to be invested and interest paid. Interest on separate accounts is like 50 cents a year now. When interest accumulates it has to be paid out. --108.24.xx.xx




Prospect questions (by Small potatoes [NY]) Posted on: Jul 1, 2022 11:24 PM
Message:

not in a few years but more than once I have had someone ask if I can pay the sd or first month's rent, not just work w them. when I did pre-screening by phone.those were the days, lol --172.58.xxx.xx




Prospect questions (by MikeA [TX]) Posted on: Jul 2, 2022 12:46 AM
Message:

I'd say you've been pretty lucky up to this point. I've experienced both of these questions multiple times over the years. More recently, I rarely get those kinds of questions because the people who ask them have been filtered out with prescreening questions. I'm down to the 2-3% cream of the crop by the time I actually meet them where they could ask those questions. --209.205.xxx.xx




Prospect questions (by Still Learning [NH]) Posted on: Jul 2, 2022 10:07 AM
Message:

Do you have a lot of big complexes nearby? I see adds with less security deposits, discounted first months rent, etc. If they have been looking at units like that it might makes sense they ask. Otherwise just a red flag they donít have funds. --107.77.xxx.xx




Prospect questions (by Jim in O C [CA]) Posted on: Jul 2, 2022 10:22 AM
Message:

I just leased a 3 BR, 2 BA , 3 car garage house for $3000 plus $5900 security deposit all up front. I made a deal with the bank, they donít rent houses and I donít loan money. --99.23.xxx.x




Prospect questions (by Frank [NJ]) Posted on: Jul 2, 2022 2:24 PM
Message:

As I understand NJ Security deposit rules, all $ goes in an interest bearing account with interest paid to T annually --174.206.xxx.xxx




Prospect questions (by zero [IN]) Posted on: Jul 2, 2022 4:45 PM
Message:

I keep my SDs in a non interest earning account. That way I don't get in trouble for making money from my poor tenants security deposits. --107.147.xx.xxx




Prospect questions (by WMH [NC]) Posted on: Jul 2, 2022 5:12 PM
Message:

I'm allowed to keep the interest. So I diligently transfer the $.40 and the $.12 and the $.13 and the $.06 (I'm making up numbers here, but I'm probably not far off!) out of the SD Trust accounts each month into the operating accounts. --50.82.xxx.xxx




Prospect questions (by Vee [OH]) Posted on: Jul 3, 2022 10:03 AM
Message:

Can I make payments? Yes you can, over a 14 day period, when the account is up2date then we issue the keys. --76.190.xxx.xxx




Prospect questions (by Ray-N-Pa [PA]) Posted on: Jul 4, 2022 8:34 PM
Message:

One of my favorite questions - can you work with me on this. Yes I can....but as Vee said - when do you want to get the keys? --24.101.xxx.xxx



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