New landlords think they will take these fees out of the tenant deposit.  

.✅ Stronger Tenant Relationships – Being involved directly allows you to build rapport with your tenants, which can lead to better communication and longer leases.Cons of Self-Managing❌ Time-Consuming – Dealing with maintenance requests, late-night emergencies, and tenant disputes can quickly become a second job.❌ Legal Risks – Chicago has strict landlord-tenant laws.

We've never even had a tenant try to sue us over a security deposit dispute.For the last 10+ years, I have occasionally asked for just one example of an investor that was sued, lost, and the judgment exceeded their insurance coverage.

The pet fee or deposit for the move in of 2 cats (you did charge one, I hope) should have just about covered the extra anyway.

I’m a 24-year-old living in South Jersey, and I'm interested in investing in properties around Philadelphia and the surrounding PA/NJ suburbs. I’ve taken care of all my debt and am pre-approved for roughly $220,000. W...

You can open a Self-Directed IRA and use the IRA funds to buy a house using a Non-recourse loan. 

Certainly one account for each LLC, (separate for security deposits based on your local rules)

Fast forward to the end of today and we still haven't received a signed document, so my agent had to send over a letter of termination to protect my deposit. 

The other part of this is that in addition to this, we are borrowing from our home equity line of credit to put down the 20% deposit- so we have that payment too.   

Sometimes the quotes I received were much higher than what I found on my own   Why should they keep the security deposit?