Security Deposits can actually get very technical! Depending on your state, you might be required to: - You may have to pay interest on each Security Deposit depending on the number of units in each of your properties. - The interest rate is determined by your State - You must offer several different options to pay your tenant their Security Deposits' interest - You are entitled to Administrative fees on the interest (watch to see what I mean) Landlord Lessons: - Use RentCheck, our Free Online Landlord Software, to help record your Security Deposits. - Learn your State's Laws regarding Security Deposits. They can get very technical!
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