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Steve Rozenberg
  • Specialist
  • Houston, TX
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How Are You Holding Security Deposits?

Steve Rozenberg
  • Specialist
  • Houston, TX
Posted

Are You Holding Security Deposits in Separate Accounts?

  • Steve Rozenberg
  • Most Popular Reply

    Account Closed
    • Property Manager
    • Big Bear Lake, CA
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    585
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    Account Closed
    • Property Manager
    • Big Bear Lake, CA
    Replied

    I keep all security deposits in a special trust account. They are not touched until the tenant moves out. If I ever get sued (knock on wood), this account cannot be levied, because it isn't my money. It belongs to the tenants. 

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