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Educational Videos

How to return tenants security deposits and what can you deduct

Hi I’m Yuriy Skripnichenko with TrustArt Realty, If you own a rental property one of the most difficult things to figure out is how to return security deposit and how to hold security deposit properly. We’ve heard many times property owners and investors say that when you have a tenant moving in you will receive 3 months’ worth of rents. This is simply wrong and incorrect. Security deposit and last month rent is not your money. It is tenant’s money and they have to be kept in escrow account until they are due. Meaning that last month’s rent ca…

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I don't know if I have enough words to explain how much of a "breath of fresh air" it is to deal with a team/company like TruStart and Yuriy. He walked me through every step of their on boarding process. I was switching from a previous management company and honestly they made the process as simple, stress free the best they could. the follow-up calls, emails, rent collections - all of it is amazing. I forget I own property until I see their alerts. If i could give more stars, I would. Thanks so much !!

Jason Johnson Rental Property Owner