ATA 023 – When taking tenant deposits should I hold them in my own business bank account or a government deposit scheme for rent to rent properties?

Welcome to episode 23 of 'Ask The Angels' where we answer your rent to rent questions.If you’d like to have your question answered go to rent2rentsuccess.com/ask and record your question from me to answer for you.Today we have a question from Raqib about tenancy deposits.Here’s Raqib’s question...“When taking deposits do you store them in your business bank account or a government scheme?"When tenants pay deposits to you, they must be protected by a government approved tenancy deposit scheme....

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This podcast is about creating consistent cashflow, escaping the 9-5 and living life on your terms. This is the only podcast entirely dedicated to helping you achieve rent to rent success. It’s our place to inspire each other to Believe Bigger to Be Bolder and to Be Gamechangers for Good. Your hosts are sisters Stephanie Taylor & Nicky Taylor property investors and Co-Founders of HMO Heaven and Rent 2 Rent Success will be sharing with you the ethical 6-step system to get you started in property without buying it.