California Security Deposit

[Manuel Encarnacion]

Quick question about security deposits in Southern California. When rent is about $2200 -$2400 do you still ask for 1 month’s rent for security deposit? So if their lease begins March 1st do they need to provide let’s say $4400 or do you charge $2200 (1 month ) and give them a couple of months to pay the security deposit? Or should the security deposit be lower? Seems like $4400 is a big number to come up with. Thanks

[Greg Scott]

The quickest way to tank a property is offer no-money-down move-in.

Financially responsible tenants know how to budget so they are more likely to have cash on hand.