Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

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

User Stats

25
Posts
6
Votes
Kalene Smith
  • Wichita, KS
6
Votes |
25
Posts

Security Deposit in Trust Account - Kansas

Kalene Smith
  • Wichita, KS
Posted

I recently bought a rental property and have a renter in the property.  I am just now learning about laws regarding the security deposit.  

  • In Kansas does the security deposit need to go into a trust or will a basic savings account work?  
  • In Kansas, do we need to pay a 3% return on the security deposit when the tenant moves?  
  • For those of you that own rentals, what do you deduct from the security deposit when tenants leave?

Thank you so much!

Loading replies...