Rentals: The 411 on Security Deposits

Security deposits are one of the most important tools you have to protect your rental property.  Maybe you don’t need them?  What is ARDI and LOR? CHBO Annual Report found 92.4% of “by owner” landlords regularly collect some kind of security deposit. Let’s discuss some of your common security deposit questions below… Do you HAVE to require a security deposit? No, you don’t. But if you choose not to collect a cash security deposit, instead consider offering Accidental Rental Damage Insurance (ARDI) – it’s a great alternative to the security deposit and offers the same protection. ARDI is insurance that covers accidental...