Looks like there are accounts that can earn 3.5%. It’s an hour or two of work. Average occupancy rate is close to three years. A $2000 deposit would cover an inspection after a year.
Fallback could be on the renter if there is reason to withhold and on the owner if there is no need to withhold.
Assuming your numbers are correct, after one year the interest is $70. I doubt you’d get anyone out to conduct the inspection at that price, let alone two because you need one at move in and one at move out; and let’s not even get started about potential the additional work should there be a dispute by the tenant or the landlord.
Looks like there are accounts that can earn 3.5%. It’s an hour or two of work. Average occupancy rate is close to three years. A $2000 deposit would cover an inspection after a year.
Fallback could be on the renter if there is reason to withhold and on the owner if there is no need to withhold.
Assuming your numbers are correct, after one year the interest is $70. I doubt you’d get anyone out to conduct the inspection at that price, let alone two because you need one at move in and one at move out; and let’s not even get started about potential the additional work should there be a dispute by the tenant or the landlord.