. - As it's not uncommon for students to drop out or decide they can't get along, you'll want very strong language regarding one tenant moving out and the others remaining - specifically that you won't refund security deposit to one student moving until ALL tenants on lease vacate.- Strong language regarding locks on bedroom doors- Cover landlord?

Hi @Kenneth Kirkland, When you buy a property, the assets transfer but money like security deposits or reserve funds doesn’t automatically.

Quote from @Rogelio Molina: I just won the bid at a foreclosure auction and submitted my $5,000 deposit and signed the foreclosure sale agreement and we are closing in 30 days.

REI accounting requires someone who understands property management workflows, including AppFolio integrations, capex vs repairs, security deposits, owner distributions, and unit-level tracking.

Tenants tell me about lease prep fees deducted from security deposits, annual financial suitability reviews with an added fee, yearly tenant insurance checks with an added fee, pet registration fees (separate from pet rent or pet deposits), annual inspections charged to tenants and other small add-ons that feel like nickel & diming.Are margins really so tight that landlords have to manufacture revenue through these junk fees?

Jeff Beach the owner has taken deposits for over 2 years from clients.

To your case specifically, it would collect both your rent, and your utilities,  and deposit the money into your checking account.  

No deposit.

One lesser-known tool I’ve seen investors use is EMD financing — basically a short-term advance on the earnest money deposit.

I collect a security deposit hold against the guest's credit card, so that I do not have to rely solely upon the Airbnb "damage coverage".