Put your tenants deposit into a HYS account to make money off the money

@itsmimitaylar

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SoundTikTok sound · original sound - itsmimitaylar

Promoted product

HYS account

Why it worked

The video offers a practical and actionable financial hack for landlords, leveraging a common scenario (tenant deposits) to generate passive income. The 'money off money' concept is inherently appealing and presented as a simple, achievable strategy.

Summary

A landlord shares a tip on how to make money from tenant security deposits by placing them in a high-yield savings account. This strategy allows landlords to earn extra income while holding the deposits, with the option to return the earnings to good tenants.

Structure

1Introduce the tip for landlords
2Explain placing deposits in a high-yield savings account
3Describe earning money off the deposits
4Discuss returning earnings to good tenants
5Highlight the benefit of this strategy

Original caption

I started doing this years ago and it’s not a crazy amount of money but every little bit adds up #tenantproblems #landlord #rentershack #investors

More from @itsmimitaylar

Product placement

HYS account ACTS - it is described as a place to put tenant deposits to make money off the money. Removing it would change the video's advice.

On-screen text

Put your tenants deposit into a HYS account to make money off the money

Transcript

Little tip if you're a landlord. When you get the deposit from your tenants for your unit, you can put that money into a high yield savings account. That way whenever they go to leave or I guess go to leave, it's the only time they get their money back is once they go to leave, their money back, and you can either keep the money for yourself or if they've been a good tenant to you and you have a great relationship with them, then you can give it back to them and be like, hey, by the way, I put your money in a high yield savings account and this is the money that it made since last year or hopefully they stay with you longer, since the last three or four years. And that's like such a cool hack to me that I learned a couple years ago when being a landlord. And I think every landlord should do.