1st + last month + security deposit too much for a $2.1k/m rental

[Account Closed]

Hey BPers,

I have a rental I want to price at $2.1k/m.

My question is: 

Can the average renter really come up with $6.3k up front to put down?

Maybe it's better to do 1st month up front + like a $3k security deposit instead?

I'm in Maryland -  Baltimore County.

Thank you for your input and experience!

Dan

[Nathan Gesner]

Quote from @Account Closed:

I see in Maryland I can collect no more than 2 months rental total for security deposit.

So if I collect 1st months rent upfront, in general is that considered not part of security deposit? 

Thank you

Correct. Rent is not part of the deposit computation.