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Multifamily Insiders Discussions
The Front Lines
Are you charging security deposits? If so, how much?
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Reply: Are you charging security deposits? If so, how much?

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Carla Azevedo-Taber
Yes. The base amount is community specific. Between $500-$1000. Lowest amount is OAC&R. Higher amounts are typical if applicant doesn't meet the highest level credit/income/rental requirements.
Posted 5 years 3 weeks ago
Margi Smith's Avatar
Margi Smith
Fair housing.... and lease language... and Qualifying Criteria should be consistent and documented. Otherwise there is potential for law suites.
Posted 5 years 1 month ago
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Anonymous
we charge a minimum of one month's rent for a security deposit. Sometimes more depending on credit and/or background check. We hardly ever refund 100%, maybe a quarter of our residents get something back. Most have damages or unpaid rent so we deduct that not leaving much left. For pets, $300.00 nonrefundable deposit.
Posted 5 years 1 month ago
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Kathy Brooks
Bella Management The owner is Mr Hoffman
From Sonoma He charges
Resident for cleaning no
Matter how well it was left
A lot of residents lived here
More than 20!years with no
Upgrades I resigned due to this
Posted 5 years 1 month ago
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Sydney Rose
$300 with approved credit and One Months Rent for conditional credit. We just bought the property I'm at so right now people are getting almost all of their deposit back bc previous management had neglected the property so bad. The thing I see the most that we have to charge for is people leaving furniture behind.
Posted 5 years 1 month ago
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Blaine Holderbaum
$300 for our section 42 community and $500 for our “luxury” market rate community. Majority get their full deposit back.
Posted 5 years 1 month ago
Discuss!
Multifamily Insiders Discussions
The Front Lines
Are you charging security deposits? If so, how much?
Reply