Attn MO landlords
Click here for Top Ten Discussions. CLICK HERE for Q & A Homepage
Receive Free Rental Owner Updates Email:  
MrLandlord Q & A
Attn MO landlords (by Jan [MO]) Jun 12, 2018 5:57 AM
       Attn MO landlords (by S i d [MO]) Jun 12, 2018 6:21 AM
       Attn MO landlords (by plenty [MO]) Jun 12, 2018 6:26 AM
       Attn MO landlords (by Mike SWMO [MO]) Jun 12, 2018 9:35 AM

Attn MO landlords (by Jan [MO]) Posted on: Jun 12, 2018 5:57 AM

FYI: The House has passed Bill No. 581 which eliminates the requirement that landlords keep security deposits in trust accounts. It now goes to the Senate. Fox 2 News says the Senate has passed earlier bills that are similar.

Attn MO landlords (by S i d [MO]) Posted on: Jun 12, 2018 6:21 AM

Any time regulations are removed I'm happy, so I hope this goes thru. That said, I've already got sec deps set up in a separate account. Per my attorney, it doesn't have to be a formal "trust" account, but can be a dedicated savings account maintained by a bank. I have a savings account called "ABC Properties Security Deposits." The only money that goes in or comes out are tenant security deposits.

Attn MO landlords (by plenty [MO]) Posted on: Jun 12, 2018 6:26 AM

Attention Granted! Thanks for posting!

Attn MO landlords (by Mike SWMO [MO]) Posted on: Jun 12, 2018 9:35 AM


Thanks for the advice.

When I set up all those accounts per #22 advice (thanks #22) I opened a savings account but have transfered all money out of it and it is sitting empty.

Think I will see about using it for deposits.

Again thinks to both of you (#22 and SID)

Subject: RE: Attn MO landlords
Your Name:
Your State:

Attn MO landlords
Would you like to be notified via email when somebody replies to this thread?
If so, you must include your valid email address here. Do not add your address more than once per thread/subject. By entering your email address here, you agree to receive notification from every time anyone replies to "this" thread. You will receive response notifications for up to one week following the original post. Your email address will not be visible to readers.
Email Address: