Passive Income
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#1 by daniel_200723 at July 11th, 2009
yea u should get first and last month rent atleast
#2 by Grumple at July 13th, 2009
Deposit should be $1050 or more. Equals 1.5 months rent
#3 by jaske at July 13th, 2009
150% of the rent.
#4 by Landlord at July 16th, 2009
You need to look up your states laws. They govern deposits, how much and what you do with them. Also last months rent is a state thing, which is illegal in mine.
#5 by schwildcat1977 at July 18th, 2009
I’m a property manager and all of our deposits are 1.5 times the rent. We do not take last months rent, just 1st and deposit.
This has worked well for our 70 + properties for several years.
You can ask for last months rent as well if you want to.