California Security Deposit

California Security Deposit

Los Angeles, CA · Member since 2018 · 23 posts · 7 votes

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

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Greg ScottPro Member
Rental Property Investor · SE Michigan · Member since 2014 · 4k+ posts · 6k+ votes
6y

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.  

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  • Los Angeles, CA · Member since 2018 · 23 posts · 7 votes
    6y

    @Christine Kankowski Thank you for replying. Will definitely be taking a deposit an 1 month’s rent.

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