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What do landlords actually do with security deposits?

Posted Oct 22 2019, 10:21

Hey all, I'm wondering what you all do when given a security deposit. Do you immediately put it in an escrow account or do you just keep it in your personal account? I've heard about landlords that pocket the deposit and then pay back their tenant when the lease is over- is this common? Overall, I'm curious what the community actually does.

Thanks!

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