I listed my other house for rent in the newspaper and it is rented! I like the couple, young just getting out on their own. Hopefully everything will work out okay. Since this is my first time renting, I didn't think about references until it was too late. But I had them sign a month to month rental agreement so I can always make them leave if they don't pay on time. I am taking the security deposit and opening a savings account at a different bank than I have my checking with. That way I won't transfer it if I need it. My goal is to not use it for anything, just let it sit.
My House is Rented!
April 20th, 2011 at 02:17 pm
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Maybe when you set up the savings account you can decline the ATM card, that way the only way to get the money out is to go to the bank.
If you deposit the money then forget about it, no online account, just mailed statement. It will be easier to resist the desire to use that money if money gets tight (since at some unknown date you have to hand it over, which could compound your money situation if you have to borrow money to repay the money from the deposit).
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