Cons of Having Damage Deposits
21 Jul 2023 · 0 min
0:21
Short YouTube video (Mark Simpson, uploaded July 21, 2023) outlining a downside of traditional damage deposits: they impose direct costs on property managers who must facilitate transactions. The speaker cites payment processors (e.g., Stripe) and notes commission costs both when taking deposits and refunding them, increasing running costs for the business.
