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17 December 2019 | 13 replies
Hopefully in your lease it says somewhere that the security deposit is forfeited if they break the lease early, or something to that affect (or is it effect, I never know).
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23 December 2019 | 4 replies
When you go to get financing, any appraiser will include in his or her calculation of EGI an estimate of market rent (PGI) + Other Income (Pet fees, forfeited security deposits, parking income etc.) - Vacancy/Collection Loss (As determined by the market, just because your complex is fully occupied doesn't mean it will be forever).Your operating expenses should take into consideration the following: Real estate taxes, insurance, maintenance, payroll (if your complex requires on-site staff), utilities, management fees, administrative costs, advertising, janitorial (if you have common area hallways or laundry rooms or this could be included in maintenance), and a reserve for replacement.
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30 December 2019 | 4 replies
The 30-day notice in most contracts can be waved or forfeited if your property manager is not doing the job that they are supposed to be doing.
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2 January 2020 | 12 replies
She has a holding deposit and contract states that if property is taken off the market and renter decides to backout, they forfeit the rental deposit.
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4 January 2020 | 17 replies
I have actually passed on a particular property more than once, forfeited my earnest money on that same property twice due to not closing and eventually purchased that same propertyWatch Hudhomestore every day as there will not be any notice once the property comes back on the market.
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4 January 2020 | 3 replies
They also agree to forfeit their security deposit, $1675.
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23 November 2019 | 3 replies
On top of the letter it states: "Security deposits are forfeited if reservation is not cancelled in 72 hours."
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1 December 2019 | 9 replies
Or does the legal action of his arrest and consequent forfeit of tenancy automatically give me that right without filing?
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1 December 2019 | 6 replies
I have a clause in my lease that says they forfeit the deposit if they fail to take possession as agreed.
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6 September 2019 | 0 replies
Let’s break down those benefits individually:1) Tax Benefits (Depreciation and write off of real estate taxes and interest paid on mortgage loans)2) Appreciation (Not guaranteed, but has been the norm 95% of the time according to historical data)3) Positive Cash Flow (This is the difference between the monthly expenses and the total rental income)4) Equity Build up (Tenants pay rent, you then make your mortgage payment lowering the remaining balance each time)5) Equity Capture (Buying the real estate at a bargain price, capturing for yourself the seller’s forfeited equity)When you harness all of these forces compounding to your benefit on a regular basis, you begin to understand how massive wealth accumulates over time.