How to handle deposits at lease signing
I've had the good fortune thus far to have tenants move in pretty quickly (within a week of lease signing). But with my latest property I am experiencing what I think is more typical.....that a prospective tenant signs the lease and provides his previous landlord with 30 days notice.
The question is....what is typical as far as collecting deposits? I've always done "at lease signing" but is it common practice to collect at move-in? This seems like a risk (e.g. what is to stop the tenant from backing out of the lease and now I've held the property for a month). Have you collected a small deposit just to have them put some "skin in the game"? Curious on how others have handled this.