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Updated over 9 years ago on . Most recent reply

Vince Greenland's profile image
Vince Greenland's profile image
Vince Greenland
  • Investor
  • from Duncansville, Pennsylvania
  • Member since May 28, 2011
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26
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Vince Greenland's profile image
Vince Greenland's profile image
Vince Greenland
  • Investor
  • from Duncansville, Pennsylvania
  • Member since May 28, 2011
Connect
Vince Greenland
  • Investor
  • Duncansville, PA
5
Votes |
26
Posts
Multi-Family and Apartment Investing

Bond in lieu of escrow for security deposit

Vince Greenland
  • Investor
  • Duncansville, PA
Posted

I have a couple of companies that have a significant escrow account for security deposits that seems almost crazy to keep that amount in escrow.  I can't believe large companies with several hundred units carry that in a separate escrow account.

I am located in PA which allows companies to utilize bonds in lieu of escrow accounts. Curious if anyone else uses this technique as I am considering it as well. Thanks in advance for any comments.

Vince

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