Deposits on storage units
I am not sure if it from varies from state to state but in Massachusetts if you charge a "security deposit" you need to put it in an account and provide interest on it to the customer. This creates a significant amount of work. Currently when a tenant moves in we charge them last months rent. When they give 30 days notice we apply it to their last month. This does not help if there is any sort of problem when they move out. I would prefer not to give them their money back until after they move out and I am sure everything is clean and ready for the next tenant. How do you handle this? Any suggestions?