Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
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

Updated over 6 years ago on . Most recent reply

User Stats

27
Posts
3
Votes
Cathy McCormick
  • Dunnellon, FL
3
Votes |
27
Posts

Which bank to use for security deposit for out of state landlord?

Cathy McCormick
  • Dunnellon, FL
Posted
Hi everyone, I have a question about where to deposit my tenant's security deposit. The house is in New Jersey, but I am in Florida. Can I deposit it in my local bank in Florida, or do I need to use a bank that has branches in both states? Thank you all in advance, I have learned so much from these forums! Cathy

Most Popular Reply

User Stats

5,116
Posts
5,175
Votes
Kyle J.
  • Rental Property Investor
  • Northern, CA
5,175
Votes |
5,116
Posts
Kyle J.
  • Rental Property Investor
  • Northern, CA
Replied

@Cathy McCormick  These articles appear to answer your question:

https://www.nynjconsumerlaw.com/nj-residential-tenants-security-deposits-the-devil-is-in-the-details/

https://www.thebalancesmb.com/new-jersey-security-deposit-law-2125082

Loading replies...