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19 August 2024 | 4 replies
Many lenders will require a 12 month lease to be in place along with the security deposit and first month rent collected.
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18 August 2024 | 3 replies
I've read that I should open a business savings and checking at a local institution - particularly for the security deposits.
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19 August 2024 | 6 replies
@Carl Rowles we screen all tenants exactly the same, but know several of our local competitors cut corners to attract more S8 applicants - waiving application fees, security deposits, etc.You can try to weed out applicants that have poor "house maintenance" skills by doing surprise zoom calls and asking them to show you their kitchen, bathroom and another room.
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18 August 2024 | 4 replies
It also means that your renters will want to vet their subletters carefully to ensure they get their security deposits back, etc.
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19 August 2024 | 9 replies
I chose to forfeit my deposit and walk away from the project.
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18 August 2024 | 5 replies
You could also consider a small security deposit as well.
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17 August 2024 | 12 replies
I am leaning to saying no but I may ask for additional deposit PLUS additional rent.
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20 August 2024 | 15 replies
Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.
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20 August 2024 | 452 replies
Using my own funds to deposit to the LLC (Is this step necessary?)
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17 August 2024 | 10 replies
You'll also need a way to collect your security deposit(s) and rent.