THE BOTTOM LINE Security deposits still play an important role, but they’re no longer a complete solution on their own. Legal limits, rising costs, and collection challenges all reduce their effectiveness. Landlords who adapt are finding ways to protect
their properties without over-relying on deposits or turning away qualified tenants. Because at the end of the day, the goal isn’t just to collect a deposit. It’s to make sure you’re actually covered when something goes wrong.
HOW
If you have questions about LeaseGuarantee or about the rental process, consider reaching out to AAOA. In addition to expert tenant screening, AAOA offers a variety of services, including insurance, rent reporting, rent collection
and financing. CAN HELP
NANCY ABRAMS Assistant Editor American Apartment Owners Association (866) 579-2262 nancy@aaoa.com
Nancy Abrams has enjoyed a long career in real estate marketing throughout Southern California and Las Vegas. She formerly represented 19 Merrill Lynch Realty branch offices, property managers The Roberts Companies, new home developers, including master planned communities Peccole Ranch and The Valencia Company and shopping centers for Sandy Sigel of NewMark Merrill.
Disclaimer: All content provided here-in is subject to AAOA’s Terms of Use. Nothing contained on this website constitutes tax, legal, insurance or investment advice, nor does it constitute a solicitation or an offer to buy or sell any security or other financial instrument. AAOA recommends you consult with a financial advisor, tax specialist, attorney or other specialist who is able to properly advise you.
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