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All Forum Posts by: Jorge Caceres

Jorge Caceres has started 6 posts and replied 45 times.

Originally posted by @Charles Carillo:

@Jorge Caceres

This would be something you want to spell out when you are speaking to potential tenants. Normally our tenants will pay the application fee and a small refundable deposit; about $50 when they apply that is refunded if they are approved and decline the apartment. Upon move in, they will pay the security deposit and 1st month's rent with certified funds. They will get keys once we receive that and confirm utilities have been changed into their name. If you want to receive part of that upfront, you need to let the tenant know this before they apply.

Thank you Charles, I appreciate your reply. Yes, I did not give them specific terms other than the deposit must be received before moving in and in certified funds. I need to include that for next time. 

Hi, 

When should I expect an incoming tenant to pay their deposit? They signed the leased agreement over a week ago and their moving date is in 10 days. I have other prospects that I keep telling the property is already rented but I don't know how long to wait for the people that signed to pay the deposit. 

Thank you!

@Sam Shueh Thanks for the info. In San Francisco I am getting quotes of $650 and above for the general inspection and $500 for the termite report. Sounds like I should continue shopping around.

@Jaysen Medhurst Thank you for your answer and I agree with you. After reviewing an example report, most of the issues included in those reports are things that more than likely will all be replaced as part of the rehab in an older house anyway. 

Hi,

First time posting here but long time listener of the BP podcast. My wife and her siblings inherited a house which is in a trust. We are trying to decide if it is worth spending the money on an ASHI Certified Home inspection or not. Inspections are pretty expensive, $700 to $1000, for a 2000 sq' house. The reason we are considering this is to be able to come up with a fair price for the house based on the inspection results. We are not engaging an agent yet because the house will be offered to family members first, then if no one in the family buys it, we will engage an agent and put it up for sale. Should we spend the money on an inspection?

Thank you in advance.