Quote from @Bhushan Shinkre: Few corrections, tenant simply decided not to pay rent and took further action of asking for refund of all prior payments (legally made via Baselane), which Baselane paid out no questions asked.

Third, check your state's civil laws to determine if maintenance costs can be assigned to the debtor by the lien holder. 

The Go-Giver: - “Your true worth is determined by how much more you give in value, than you take in payment”The Voice of Knowledge: - “It’s not important to be right, or make others wrong.

It binds the landlord, but honestly has little binding effect on a tenant when they simply choose to leave.

It's easy to simply say "no" to folks who don't offer this.

If you elect a PPP shorter than 2-3 years in most cases, the lender is simply going to collect that fee A) upfront as points rather than as a PPP, or B) with yield, meaning a much higher rate.  

If so, you may choose to simply add it to the lease as being damaged at move-in so the tenant doesn't get charged for it when they leave.

It requires guts and determination and dedication and a lot of time. 

Today, many of those rentals sit vacant as the market is trying to determine the new low for Calcasieu Parish, Louisiana.Numerous FOR SALE signs in front of rental properties across this region of Louisiana.

And you simply deducted lot value then you got to write off 50% of the balance year one.. and there was no recapture after a sunset period.. this was the gulf opportunities act post katrina.