ALWAYS Collect Move in Funds in “Real Money”

Always collect move-in monies from your Tenant in “Real Money” When you have a Tenant getting ready to move into your property, typically you will trade them the keys to the property for their final balances due; deposits and first month’s rent.  Always collect these funds in what we call “real money” . . . cashier’s check or money order.  Unscrupulous Tenants have been known to pay their move-in funds with a personal check, get their keys and stop payment on their check.  Then the Landlord (you) have given possession to the Tenant, have no money, no income and a couple of months of legal wrangling to look forward to before you can get your property back.  And don’t forget about the make ready costs to market your property again!

See the video:

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