Increasing security deposit with each rent increase?
Originally, I start off where the security deposit was equal to one month's rent. But, every time you increase the rent, do you also increase the security deposit so that it continues to be equal to the new amount for one month's rent?
Otherwise, if the tenant has been there awhile and you've increased the rent each time, there could be a big disconnect between the increased rent and the original security deposit.
If you do increase the SD each time, how do you go about doing it? If the rent increased by a $100 dollars, do you have the tenant give you a check for $100 for the SD? Or, do you return the initial SD to the tenant and have the tenant write you a new SD that covers the whole SD?