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Forum / General Property Management / CA Deposit in escrow acct. required? landlord disadvantages?

Are deposits required by ca law to be deposited in an escrow account? What are the disadvantages to landlords?

Prem B, CA on Thursday, January 21, 2010

RE: CA Deposit in escrow acct. required? landlord disadvantages?

If you have rental property, you should open a separate checking for income/expenses and saving account for security deposits. This is especially important if you get audited by the IRS. Except for a few cities, the landlord is not required to pay interest on a tenant's security deposit. Check your area. "landlord disadvantages?" ....what are you looking for with this question?

Posted by Stan M, CA on Saturday, January 23, 2010

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