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General Landlording & Rental Properties

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Kenneth Garrett
Pro Member
  • Investor
  • Florida Panhandle/Illinois
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Move in Move out fee v. security deposit

Kenneth Garrett
Pro Member
  • Investor
  • Florida Panhandle/Illinois
Posted Apr 14 2017, 18:12

I am looking at a 4 flat where the seller does not have any security deposits.  Instead he collects a move-in fee and move out fee.  Anybody familiar with this method/  I understand the fact its a fee versus a refundable deposit.  I would like to hear the advantage and disadvantage of the fees v deposit.     

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