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Re: Gaining Landlord access to security deposit money
by P-Bone (NY and OH)
on May 24, 2016 @11:32
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I've never had a specific escrow account for my property in Western New York. I opened an Ally Online Savings account and transfer all security deposits into that account and keep it only for that reason. Since it is online only, sometimes I have to transfer money in from other places I make the actual deposit. When a tenant leaves, I transfer the money to an Ally Money Market Account and I write a check from that account relating to the security deposit refund, whatever it may be.
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