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Updated about 6 years ago on . Most recent reply

Nikhil Garg's profile image
Nikhil Garg's profile image
Nikhil Garg
  • Member since Jan 5, 2019

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Nikhil Garg's profile image
Nikhil Garg's profile image
Nikhil Garg
  • Member since Jan 5, 2019
Nikhil Garg
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General Landlording & Rental Properties

How to hold security deposit for Florida property

Nikhil Garg
Posted

I am about to start a lease for my first out-of-state investment property. It is in Florida. From what I understand, the security deposit needs to be held in some Florida bank. Is that right? Is it possible to hold it in some online bank like Ally? Are there any other gotchas that I should be aware of for security deposit?

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