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No-Sun8788 OP t1_iy0myzt wrote

Just a followup question:

I was just talking to a landlord about a property, and he wanted first and last, and for us to carry 300k renters insurance, plus a $5100 security deposit. Is nearly $8000 basically what we should be expecting to plonk down for a $2550/m place with no utilities or services covered?

Please be kind and answer the question (i know i know, this is reddit) we have been homeowners for 20 years previously, so I just want to know if this is standard practice.

(for those who are saying "but the dogs!" this is separate from the pet addition. I am leaving out that detail because it is not relevant, and is actually quite low.)

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MonkeyAssholeLips t1_iy16o92 wrote

We moved to Guilford in a rental in 2018 with $2750/mo rent and also had to have ~$10k for first, last, and deposit and they also require the insurance. Not sure if it’s the norm but we experienced the same thing several years ago.

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EscapeFromTexas t1_iy19qf9 wrote

It's cheaper to go through the homebuying process (current interest rates aside)

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MonkeyAssholeLips t1_iy4acpz wrote

Yeah. But we weren’t going to be there for very long so it was better for us to rent to not have to go thru the process of buying then selling. 🤷‍♀️ I know some people are fine with that but it makes me too nervous.

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