Updated almost 8 years ago on . Most recent reply
Rent Increase and Security Deposit Question
Good Morning BiggerPockets!
I work with a management company and team of investors in the Philadelphia area. We have received mixed feedback on security deposit/last month increases that go along with annual rent increase. So my question is as follows:
When rent is increased, is it common practice to increase the security deposit and last months rent to match?
Looking forward to your responses!
Most Popular Reply
JD Martin
Property Manager
Pro Member
- Rock Star Extraordinaire
- Northeast, TN
- 16,431
- Votes |
- 10,185
- Posts
On vacant properties, yes. On occupied properties, no.
- JD Martin
- Podcast Guest on Show #243
Skyline Properties