The inefficiencies in this market should be a huge opportunity for folks who take the time to find and vet operators and projects, and come to the table with clear theses, looking for operators and projects that match those theses, rather than reacting with FOMO to promises from the most famous influencers in the industry.I think it is mission-critical that BiggerPockets and this community shines a light on the industry and exposes the good and bad operators, and steers LP capital away from "lopsided bets" and towards humble, honest, hungry, capital raisers offering solid projects in areas they have clear competency in.

Context:*For my business - I had initially setup a profit-first system w/ multiple bank accounts at my local credit union*For the properties under management -  I setup two trust accounts (rents and deposits) with Chase. 

Here's what I was thinking...Can I ask him for a deposit to hold now that will then be used as his security deposit? 

Write yourself a check made out to 'cash' and deposit it for the funds needed.Also, you may want to check if you need to KEEP 150% of the funds needed in escrow with the town.

Imagine if there was damage when a tenant left exceeding the deposit.

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.

Hey Beth, most of the people I've seen in the space pay by wire transfer or direct deposit.

Should I discuss some bullet points and do a small contract between me and the buyer or is there a standard contract for such that we can agree up on terms prior to handing the deposit to the title company?

This means that the percentage of respondents seeing price increases (29%) exactly matched those seeing price reductions.

I can raise their rent from 1050 to match the one who is on lease 1600. and see what happened.