Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
BPCON2026 Orlando

October 2 - 4 Early Bird tickets are now ON SALE. Purchase your tickets today and save $100!

Get tickets
BPCON2026 Orlando

October 2 - 4 Early Bird tickets are now ON SALE. Purchase your tickets today and save $100!

Get tickets
Followed Discussions Followed Categories Followed People Followed Locations
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

36
Posts
6
Votes
Diane Kruse
  • Denver, CO
6
Votes |
36
Posts

First, last month rent and deposit Denver

Diane Kruse
  • Denver, CO
Posted

I am preparing to rent my first unit for $2000/month.  To ask for first, last month rent, and security deposit of $2000 seems too much ($6000) for people renting a home.  I was thinking first month and security.  I know I run the risk of being stiffed the final month and potential damage to home, but I have also heard renters can have the extra month rent applied through the course of the year if needed, so it makes no difference?

What sounds reasonable?

Thanks,

Diane

Most Popular Reply

User Stats

2,748
Posts
6,190
Votes
Scott Trench
#3 Personal Finance Contributor
  • Rental Property Investor
  • Denver, CO
6,190
Votes |
2,748
Posts
Scott Trench
#3 Personal Finance Contributor
  • Rental Property Investor
  • Denver, CO
Replied

I second some of the other folks on this thread. I only take first month and security deposit (which is generally about 1 month rent). I make sure to get this upfront, before handing over keys, and if the lease begins on a day other than the first of the month, make sure to get at least one full month's rent and deposit immediately.

It seems that the majority of tenant problems are avoided upfront with good tenant screening, and that most of the rest are avoided with responsive landlording and clear expectation setting. 

Loading replies...