[tweetmeme source=”your_twitter_name” only_single=false http://www.URL.com%5DAs with all of my articles, this one is from the perspective of a landlord collecting tenant debt. Remember, I am on the back end of the deal, looking at damaged rental units and unpaid rent. I will limit my comments about tenant surety bonds to my experience and how they affect debt collection after a tenant moves out.
What is a surety bond?
A bond is not a deposit. A surety bond is a product that a prospective tenant can purchase in lieu of a traditional security deposit. The bond is normally nonrefundable and costs significantly less than a security deposit, thus reducing the tenant’s Read the rest of this entry »