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Updated almost 3 years ago on . Most recent reply

Jerry L.'s profile image
Jerry L.'s profile image
Jerry L.
  • Member since May 2, 2022

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Jerry L.'s profile image
Jerry L.'s profile image
Jerry L.
  • Member since May 2, 2022
Jerry L.
10
Votes |
27
Posts
General Landlording & Rental Properties

1st and last rent collection question

Jerry L.
Posted

Before you let your tenant move in, do you guys collect both first and last months rent with the security deposit or just first with the security? 

Kansas City, Kansas
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Colleen F.'s profile image
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Colleen F.
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  • from Narragansett, RI
  • Member since Jun 7, 2013

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Colleen F.'s profile image
Colleen F.'s profile image
Colleen F.
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  • from Narragansett, RI
  • Member since Jun 7, 2013
Colleen F.
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  • Narragansett, RI
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Colleen F.
  • Investor
  • Narragansett, RI
Replied

@Jerry L.  depends on your state what is allowed. The best thing is whatever you do keep it on the face of every lease they sign going forward. 

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