General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 11 years ago,
previous landlord has the security deposit
ok, so i have a house under conract. the house is owned by a bank, they foreclosed on the previous owner. the house is occupied with a tenant that pays $1k per month. my offer has the stupilation that I get the rent money from the day i close to the end of that month.
i told the tenant that we will do a month to month lease, she is fine with that. how about the security deposit? the bank does not have it. the previous landlord is not in the picture anymore.
do i ask the tenant to give me a month and a half SD or just 1k? or nothing at all? the house has not been updated in years (she has been there for 6). i doubt it can look worse than it does now.
suggestions?