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General Landlording & Rental Properties

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George P.
  • Real Estate Investor
  • Baltimore, MD
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Security deposit - how much is too much?

George P.
  • Real Estate Investor
  • Baltimore, MD
Posted Jan 17 2011, 12:39

Would a month's rent for 2 adults living in a property be adequate Security deposit? (I plan on raising deposit by $500 which is 1/3 of month's rent for each addtl adult, such that 2 adults = $1500, 3 adults = $2000 deposit, 4 adults = $2500 deposit

Is it wise?
Thoughts? Comments?

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