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Updated over 6 years ago on . Most recent reply

User Stats

293
Posts
149
Votes
Kurt K.
  • Rental Property Investor
  • Phoenix AZ / Kendallville, IN
149
Votes |
293
Posts

Deposit transparency from property management companies

Kurt K.
  • Rental Property Investor
  • Phoenix AZ / Kendallville, IN
Posted

How do most property management companies handle security deposits? Do they give you (property owner) a choice to receive the deposit after a tenant has entered a rental agreement or do they hold them in an escrow until a tenant moves out and gets deposit back if entitled? If they do hold them, should they provide full transparency such as a separate statement regarding security deposit deposits and withdrawals into that account?

Another question. Is it appropriate to ask your property management company for a copy of the leases that have been signed? I'm thinking if requested, they should send you a copy of every new lease.

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