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Updated over 5 years ago on . Most recent reply

Derek Askew's profile image
Derek Askew's profile image
Derek Askew
  • Rental Property Investor
  • from Spring Grove, PA (17362)
  • Member since Oct 4, 2018
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Derek Askew's profile image
Derek Askew's profile image
Derek Askew
  • Rental Property Investor
  • from Spring Grove, PA (17362)
  • Member since Oct 4, 2018
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Derek Askew
  • Rental Property Investor
  • Spring Grove, PA (17362)
4
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General Landlording & Rental Properties

Security deposits for a weekly room rental?

Derek Askew
  • Rental Property Investor
  • Spring Grove, PA (17362)
Posted

Hey sooo I live in the Darby area (Right outside of SW Philly) & I have an extra room thats not being used.

Decided to market it as a rental and I’ve had people express interest as a weekly rental. I am open to the idea but I wanted to know if it’s customary to have a security deposit for a weekly rental?

Please advise any feedback would be appreciated!!

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Michael Ablan's profile image
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Michael Ablan
  • Real Estate Broker
  • from Watertown, NY
  • Member since May 26, 2016
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Michael Ablan's profile image
Michael Ablan's profile image
Michael Ablan
  • Real Estate Broker
  • from Watertown, NY
  • Member since May 26, 2016
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Michael Ablan
  • Real Estate Broker
  • Watertown, NY
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Michael Ablan
  • Real Estate Broker
  • Watertown, NY
Replied

@Derek Askew  - We charge a $500 refundable security deposit on our lakefront AirBNB.  You're situation may be different because they're just renting a room. Start with something and see if it sticks.  If it doesn't then adjust accordingly 

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