Thursday, May 23, 2013

PROFITABLE ENTERPRISE?

SAN FRANCISCO CHRONICLE DOES FEATURE TODAY ABOUT ABOUT SECURITY DEPOSIT THEFT

The article discusses the hardship that some landlords impose on their tenants by keeping the tenants security deposit with or without explanation.  

Think about it.  For every tenant on Caldecott Lane who has a pet, there is a $595 charge per unit.  With roughly 44 units, and assuming that all tenants have pets, that alone is $26,180!

Now, add to that an average $2,495 per unit in "security deposits" times 44 units, that's $109,780 in security deposit dollars.

Add both these advance deposits together (e.g. "pet rent" and the "security deposit") and this totals to a WHOPPING $135,960!

To protect your investment, follow these great tips from NOLO press.


No comments:

Post a Comment