HOW MUCH SECURITY DEPOSIT DO YOU CHARGE THE TENANT? - As a general rule of thumb we usually get a minimum of 90% of the rent. So, if the monthly rent was $1000.00 we would normally take in $900.00 as a security deposit. However, there are many factors that make up the figure. Are there pets, gate cards, pool keys, furniture, garage door openers, etc. Is it a brand new home or is the property made of stone from the dark ages? Why 90%? Because we do not want the tenant, or the courts, to think that it is last months rent. Also it usually only takes 15 days to evict a tenant. Assuming no extensive damage the deposit should cover most of the expenses and unpaid rent. Extremely high security deposits are great if you can get them.... but they also keep good tenants from being able to afford the overall move-in.

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