I have a couple of rent houses, and if the rent is $800, what type of deposit do I need to have on a typical year’s lease?
On a typical single family rent house, you’re gonna have, for a perfect individual, a deposit equal to the amount of the rent.. If the person is a 2nd grade individual which was someone who has one blemish, something he couldn’t have handled, there’s no way they could have stopped it, it’s just a problem, you might go for the double security deposit. In other word, the amount of money of $1600 on an $800 lease. If the person is 3rd grade and you’ve elected to work with somebody like that, it is your choice not to, you must demand a triple security deposit. That’s $2400 on an $800 lease. Or, kindly and professionally turn the individual down.
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