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8 June 2024 | 17 replies
Offer a non-refundable deposit of 25% of the contract price.
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6 June 2024 | 11 replies
I established a mgt entity for leases, deposits, income, expenses, but never held any of my dozens of residential rentals in LLCs over my 21 year run.It's just tougher to get good mortgages and insurance.
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5 June 2024 | 1 reply
I'm currently being sued over $300 that I witheld from a security deposit return.
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5 June 2024 | 9 replies
You could possibly apply more down for your escrow deposit to show your ready to commit to the transaction and not just a few thousand to tie down the deal.
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5 June 2024 | 3 replies
Things I've got down to minimal effort or fully automated: * Rent, security deposit, and fee collection* Basic accounting and tax packet creation* Listing vacancies* Lease signing* Applications, credit, and background checksThings I'm still dealing with directly ad-hoc or don't have a well defined process or solution in place for:* Requests and communication with tenants* Finding and coordinating service providers for maintenance and repair work* Scheduling showings and getting prospective tenants to make their appointments* Tenant turnover for move in and out* Keeping up with legal changes and lease template updates* Setting rent amounts* Lease enforcement - tenants are responsible for things like yardwork, routinely get letters from the city about weeds / tall grass, etc.Questions for the group:* What am I missing if I were to make out a checklist of an "automated property"?
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5 June 2024 | 2 replies
My issue is i currently do not have the necessary funds for the down deposit for the purchase.( Roughly 20-25%).
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5 June 2024 | 29 replies
People are walking away from six-figure deposits they’ve made over time.
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5 June 2024 | 8 replies
Do they have an accelerated quick deposit option?
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4 June 2024 | 3 replies
Our tenants rent did not get deposited into our account.
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4 June 2024 | 4 replies
The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.