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Updated over 10 years ago on . Most recent reply

Steve Rozenberg's profile image
Steve Rozenberg's profile image
Steve Rozenberg
  • Specialist
  • from Houston, TX
  • Member since Jan 12, 2015

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Steve Rozenberg's profile image
Steve Rozenberg's profile image
Steve Rozenberg
  • Specialist
  • from Houston, TX
  • Member since Jan 12, 2015
Steve Rozenberg
  • Specialist
  • Houston, TX
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General Landlording & Rental Properties

How Are You Holding Security Deposits?

Steve Rozenberg
  • Specialist
  • Houston, TX
Posted

Are You Holding Security Deposits in Separate Accounts?

  • Steve Rozenberg
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    Account Closed's profile image
    Account Closed's profile image
    Account Closed
    • Property Manager
    • from Big Bear Lake, California
    • Member since Apr 17, 2013
    Account Closed's profile image
    Account Closed's profile image
    Account Closed
    • Property Manager
    • from Big Bear Lake, California
    • Member since Apr 17, 2013
    Account Closed
    • Property Manager
    • Big Bear Lake, CA
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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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