Security Deposit refunds

Faye

How does your facility return security deposits to the tenants and why do you do it that way?

Faye

We send ours back in check form. Wondering if this is old news now

BusyProperties

We have not required security deposits in years. We do however have many tenants that have been with us long enough that they did have a deposit on file. We refund via check for better tracking. 

i43storage

We return via check.  Easier bookkeeping.

iasbangladesh003

We have not required security deposits in years.

Faye

What is the thinking of not requiring a security deposit? Just curious. 

themage

For us, most of the local competition doesn't charge a deposit, and the facility owner doesn't like issuing refunds, so we try to avoid it. If we do have to issue a refund, it is usually by check.

ShedStuff

We as well don't require a SD unless you have done something in the past that warrants one! We always do refunds in check form as the best for record keeping!

i43storage

If I didn't require a security deposit, I would be having too much junk to the junkyard.  Keeps people honest.