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Updated over 12 years ago on . Most recent reply

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Ravi Rai
  • Guilderland, NY
2
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25
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Last month rent and security deposit cash or check?

Ravi Rai
  • Guilderland, NY
Posted

Hi Guys,
Finally renting my property for the first time (had inherited the tenants when i bought the place) and wanted to know what you guys prefer for security deposit and last month's rent. I was thinking of taking the last month's rent as check and the security deposit as cash.

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Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
  • Rental Property Investor
  • Mercer Island, WA
14,128
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Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

Cash or money order. Same for first month rent. A minimum of the deposit and one full months rent to move in. Pro rate the second month, not the first.

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