How To... in Durham>Question Details

Jay, Home Buyer in Durham, NC

how much rent and security deposit should i charge for my home. It's worth 163k and 1476 sqaure feet.

Asked by Jay, Durham, NC Wed Aug 20, 2008

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Help the community by answering this question:


Check Craiglist or Consult a real agent for market rents for your property.

As far as security, many states govern how much you can charge and how the money is handled. Again, consult an attorney or work with an agent with rental experience.
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0 votes Thank Flag Link Thu Feb 5, 2009
I would definatly check the rental rates based upon size, location and amenities the local rentals have. I have rented out a few of my clients houses while they are trying to sell them and in Charlotte, usually 1 month rent up front and 1 month rent as a security deposit with a non refundable pet fee if you choose to allow pets. There's usually an application fee to cover the cost of the credit check and the time it takes you to call referances.

I have also seen landlords to be very flexable with their tenants in these hard times and allow a few months rent to be higher so they don't have to come up with the full security deposit right away. When that amount is reached, rent falls to the agreed upon rate.

It it completely up to you as you are the landlord, just be aware of the houseing laws.

Daniele Summerfield,
Wilkinson & Associates
0 votes Thank Flag Link Thu Feb 5, 2009
Check and see what market rents are, on Craigslist or
If you need a rental application, there's a link to a free one below.
Good luck!
0 votes Thank Flag Link Mon Feb 2, 2009

Every area is different. I ususally charge one months rent and a deposit equal to two months rent. Always make sure you get a detailed rental application, proof of id and run their credit. You can also do a rential survey to see what the comparable rent is in the area.
0 votes Thank Flag Link Sat Aug 23, 2008
Pam Winterba…, Real Estate Pro in ,
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