Dwanderful

The Most Dwanderful Real Estate Podcast Ever!
The Most Dwanderful Real Estate Podcast Ever!
Episode 38 The Giant Deposit
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The subject of this episode of The Most Dwanderful Real Estate Podcast Ever is “the giant deposit.” Dwan talks about her recent experience with her son going through this process of purchasing his first rental property and vetting the tenants with an unannounced pop-in visit as well as the conversation he had with them about the deposit. Dwan knows from experience that almost every time you require a security deposit of the same amount as a month’s rent, the tenants will ask you to use their security deposit as their last month’s rent, so by making the deposit $300-$400 higher than a month’s rent, you are almost guaranteeing that they will pay their last month’s rent in order to receive their deposit back.