Comments on: how much should a deposit be on a rent house?

By: schwildcat1977

schwildcat1977 — Sat, 18 Jul 2009 19:53:15 +0000

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.

By: Landlord

Landlord — Thu, 16 Jul 2009 12:54:54 +0000

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.

By: jaske

jaske — Mon, 13 Jul 2009 17:50:32 +0000

150% of the rent.

By: Grumple

Grumple — Mon, 13 Jul 2009 01:46:02 +0000

Deposit should be $1050 or more. Equals 1.5 months rent

By: daniel_200723

daniel_200723 — Sat, 11 Jul 2009 08:09:46 +0000

yea u should get first and last month rent atleast