We own a duplex in Washburn Missouri, vlose to Cassville , like 30 mints from Joplin, Its open land, normal size, 1 bedroom, living room, heather, we are just replace the carpet and paint the place, we dont know how much to charge for rent and deposit, we are thinking around 400dlss in rent, but, my main question is , how much should we charge as a deposit? no contract, its month to month.
2007-10-30 04:24:14 · 11 answers · asked by Betty 2 in Business & Finance ➔ Renting & Real Estate
first and last month's rent plus one month security deposit all in advance is the usual. for month to month, i would go for one month advance rent plus security deposit( same amount as rent).
2007-10-30 04:51:45 · answer #1 · answered by exsft 7 · 0⤊ 0⤋
I should charge at least the first month's rent as the deposit...so the deposit would be $400 and the first month's rent would be $400. Then when the tenants move out, you evaluate how well they took care of the place. If everything is a-ok, they get their $400 back...and if not, you use that $400 to fix the things they messed up. But they get back whatever money is left over.
2007-10-30 04:28:09 · answer #2 · answered by CountryGirl 3 · 1⤊ 0⤋
It is normal for the security deposit to be equal to one month's rent. So if rent is $400, then the deposit would be $400. Most people would charge an additional $100-200 for each pet that is allowed.
2007-10-30 04:28:24 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Usually the deposit equals a month or month a and a half of the rent.
2007-10-30 04:27:15 · answer #4 · answered by Fred S - AM Cappo Di Tutti Capi 5 · 0⤊ 0⤋
some states have a felony maximum a landlord can cost for a protection deposit, regardless of if it is something like thrice the quantity of hire. One month's hire as a protection deposit is exceedingly regularly occurring.
2016-11-09 20:34:20 · answer #5 · answered by Anonymous · 0⤊ 0⤋
as a landlord i charge rent plus double deposit that way if the tenant doesn't pay the last month you are covered and you also have money for repairs such as painting. as for pet deposits they are usually non refundable and should be at
least $300.00. GOOD LUCK
2007-11-03 03:50:29 · answer #6 · answered by Candy G 3 · 1⤊ 0⤋
I would charge 1 month's rent, unless pets are around - the charge another $200 or so.
If it's just month to month, this will cover a majority of your losses if they stop paying rent.
2007-10-30 04:27:14 · answer #7 · answered by Roland'sMommy 6 · 1⤊ 0⤋
charge them 1/4 the rent as a deposit ,then the balance when they move in,it is better they pay at the beginning of everymonth
2007-10-30 04:28:35 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Always charge one month's rent.
2007-10-30 04:38:07 · answer #9 · answered by Irish 7 · 0⤊ 0⤋
charge a months deposit.
2007-10-30 04:27:35 · answer #10 · answered by Anonymous · 1⤊ 0⤋