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Updated over 1 year ago on . Most recent reply

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James McGovern
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James McGovern
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James McGovern
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  • Bloomfield CT
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Multi-Family and Apartment Investing

General thoughts on Guarantors vs Security Deposits

James McGovern
  • Flipper/Rehabber
  • Bloomfield CT
Posted

Any thoughts on insurance programs that help cover renter deposits and whether it fully replaces the need for security deposits?

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Chris Seveney
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Quote from @James McGovern:

Any thoughts on insurance programs that help cover renter deposits and whether it fully replaces the need for security deposits?


 Some states now mandate it. I have not used it yet, but a few people who have noted mixed reviews. 

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