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All Forum Posts by: Erica Cauley

Erica Cauley has started 2 posts and replied 5 times.

WOW, so much great direction on the matter. I really appreciate your help. I definitely now know how to approach the necessary charges!!

The completion of my first rehab is 3 weeks away. I have my rent set but I am still unsure of how much I should charge for a Security Deposit. I have seen different takes on this. First and last months rent. First and last months rent plus a security deposit. A security deposit the same amount as the rent. A Security Deposit $25-$50 over the rent amount. $500 flat Security Deposit. What should I be collecting from a new tenant and why do you think this. I would really appreciate the assistance and clarity. Thank you!!

The completion of my first rehab is 3 weeks away. I have my rent set but I am still unsure of how much I should charge for a Security Deposit. I have seen different takes on this. First and last months rent. First and last months rent plus a security deposit. A security deposit the same amount as the rent. A Security Deposit $25-$50 over the rent amount. $500 flat Security Deposit. What should I be collecting from a new tenant and why do you think this. I would really appreciate the assistance and clarity. Thank you!!

Definitely look into Houston. I live here and just invested in my first rental with little to no issues.  There are PLENTY of neighborhoods that are steadily being converted to well managed and investor driven communities. The question for the last year here in Houston has not been, where can I find a deal. It's truly, how much money do you have to invest? It's amazing here. Moving to the ATL in August (getting married) and I am scrambling to invest in as many Houston properties as I can before I move. Wonderful opportunities.

Wow! You did such an amazing job! Wonderful!