Advice and answers from the DoorLoop Team

Search results for:Security Deposits

Viewing Information About Your Security Deposits

Quickly see which leases have security deposits held and the amounts held… View all security deposits under Active Leases… View all security deposits via the Rent Roll report

Opening Balance Wizard - How Should I Set Up My Opening Balance?

If you, the Property Manager are holding the Security Deposits, where are you holding the Security Deposits… your Security Deposits held and assign the Security Deposit values to each property… Step 3a - Holding Security Deposits in an Operating Account

Paying Security Deposit Interest to Tenants

How do you account for interest earned when a security deposit is held in an interest-bearing account… Depending on what state you are in and your local regulations, security deposits may need to be kept… Adding interest on a security deposit to a lease ledger In this scenario, security deposit interest

How to Transfer a Security Deposit When You Are No Longer Managing a Property

What do you do with a security deposit or other deposits when you are no longer managing a property?… You’ll now see an Other Deposits section appear… Account: Select Security Deposit Liability here

Charging for a Security Deposit and Other Deposits on a Lease

Post a deposit charge to collect and hold a lease deposit… Your tenants likely pay you a lease deposit (security deposit, pet deposit, etc.) which you hold through… Normally this would be a Security Deposit, Pet Deposit, etc

What is Trust Accounting?

Learn about holding deposits in trust if your state law requires it… Security Deposits… Security Deposits are considered to be tenant funds until or if the landlord/property owner becomes entitled

Refunding a Security Deposit and Any Other Lease Deposit

Recording tenant security deposit refunds… Click on the Deposits tab where you will see a list of all available deposits, including the Security… If there is more than one lease deposit, you can refund multiple deposits, or put $0.00 in the deposits

How to Record Owner Held Security Deposit

How to set up the accounting in DoorLoop to track lease deposits held by your property owners… If your property owners hold onto the tenant security (or other) deposits, you can still record these… Next, you add this bank account to the properties which will have owner-held security deposits

Receiving a Security Deposit on a Lease

How to receive and record a security deposit that is being held on a lease… Before you can receive a Security Deposit payment, you'll need to first post a charge for the security… The instructions here will be for a new lease that was created and already had security deposits posted

Transfer a Security Deposit to a New Lease in another Unit

Learn how to record a tenant's security deposit on their new lease if they change units… Find the lease you want to transfer the security deposit for and click on it… Click on the Deposits tab and then the Refund Deposit button