Holding security deposit out of state?
Hello! I have several rentals in NJ and will be relocating to FL shortly. I will continue to self manage the properties and my main question is about security deposits. Do the security deposits need to be held with a bank located in NJ? I currently use a small local bank, would I need to use a National Bank that has locations in NJ? The laws I found regarding this are slightly confusing. Thank you in advance!