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Updated over 8 years ago on . Most recent reply

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Diane Kruse
  • Denver, CO
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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

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Scott Trench
  • Rental Property Investor
  • Denver, CO
6,107
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Scott Trench
  • 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. 

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