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All Forum Posts by: James Taylor

James Taylor has started 4 posts and replied 23 times.

Post: Removing Name from DM lists

James TaylorPosted
  • Real Estate Investor
  • San Diego, CA
  • Posts 23
  • Votes 17

I was literally searching for this, I get letters and calls all the time on my properties.  I'm glad that people are hungry but man it's turned super annoying.  I feel her pain.  My wife is going insane as her phone rings all the time as well

Post: California Solid Lease Agreement

James TaylorPosted
  • Real Estate Investor
  • San Diego, CA
  • Posts 23
  • Votes 17

Hello,

We are going to be renting out a house in California, we are looking for example lease agreements that we can potentially tailor to what we need.  Anyone have one or a good place to get one?

We have plants onsite, can you put maintain the yard in the lease?

Post: Tenants submitted payment for security deposit, now have to leave

James TaylorPosted
  • Real Estate Investor
  • San Diego, CA
  • Posts 23
  • Votes 17

connected, thank you @Jill F.!

Post: Tenants submitted payment for security deposit, now have to leave

James TaylorPosted
  • Real Estate Investor
  • San Diego, CA
  • Posts 23
  • Votes 17

all great tips, thanks again everyone!  I'm letting the cash go, now coming up with a strategy for my prop manager on all transactions like this

Post: Tenants submitted payment for security deposit, now have to leave

James TaylorPosted
  • Real Estate Investor
  • San Diego, CA
  • Posts 23
  • Votes 17
Originally posted by @Jill F.:

In Ohio, anything that contains the word 'deposit' is risky, since deposits are generally to be returned.  We charge a non-refundable reservation fee = to 1/2 month's rent and will hold a unit for up to 15 days before lease start. The reservation fee is applied to the first month's rent at lease execution. We collect all money prior to move-in in cash. I jump up and down about non-refundable when I collect the NON-REFUNDABLE reservation fee -- we also have the prospective tenant sign a reservation form that clearly specifies the nature of the payment.

you wouldn't be able to upload verbage for that would you?? :) 

Post: Tenants submitted payment for security deposit, now have to leave

James TaylorPosted
  • Real Estate Investor
  • San Diego, CA
  • Posts 23
  • Votes 17

this is in WI btw :) 

Post: Tenants submitted payment for security deposit, now have to leave

James TaylorPosted
  • Real Estate Investor
  • San Diego, CA
  • Posts 23
  • Votes 17

they paid cash

Post: Tenants submitted payment for security deposit, now have to leave

James TaylorPosted
  • Real Estate Investor
  • San Diego, CA
  • Posts 23
  • Votes 17

a receipt for the security deposit wouldn't qualify as a deposit to hold right, as there is no legal verbage?

Post: Tenants submitted payment for security deposit, now have to leave

James TaylorPosted
  • Real Estate Investor
  • San Diego, CA
  • Posts 23
  • Votes 17

lessons learned, great feedback everyone!

Post: Tenants submitted payment for security deposit, now have to leave

James TaylorPosted
  • Real Estate Investor
  • San Diego, CA
  • Posts 23
  • Votes 17

Have in interesting scenario.  Put the property on the market for rental, did an open house, found some renters that we liked.  Took it off market.  They submitted their security deposit, but have not signed the rental agreement.  Now they have to move out of state.  Can I keep any of the security deposit since it's been a week that I missed while this is happening?  I'm a bit agitated because we cancelled an open house.