Sincerely,Krystal L Wilbanks :wink:

It's a real pain and it is really hard to 'read' the tenant to guess if they are sincere or just looking for free housing.I'm sorry that this is a little late but with your situation I think that it would be easier and cheaper for you to give them the 30 day notice that the month-to-month lease will be ending.

But if I did I sincerely apologize for any misunderstanding.Beyond that, I have no idea why you would openly admit to not keeping receipts for your purchases, not a good practice.

if john feels they are sincere and are remorseful he will probably just say forget about it after a couple of weeks, but if there is an attitude problem....the next 10 saturdays they had better hope it doesn't snow!

Shane,I am new landlord and none of these situations have happened to me (I sincerely hope that they never happen in the future either), but I don't see why wouldn't you be able to use both the security deposit to cover the damage.You get security deposit to cover the damage against your property, but IMO security deposit is not the cap for the damage loss you can receive.

*ARV: $75K*Estimated Repairs (I could be wrong): $24K*Total Back Taxes: $30.6K*Labor Liens via the City of Dallas: $1,200Any thoughts, suggestions or advice would be most appreciative to this newbie.I sincerely apologize for the long rant...I hope I haven't put y'all to sleep...LOL :oops:

I've been a proud BP member since February of this year and literally have no idea where I would be today without this site, it's members contributions, and the kind spirit that it's members embrace.I would like to give my sincere thanks to fellow BP enthusiast Steve Babiak for his excellent support on my navigation through the Pennsylvania Title Search and Sheriff Sale Process!

First I would like to express my sincere appreciation for this website!

I've since realized that my investment strategy was sound, but my management was not.

Would it not be EASIER to just live off all that cash flow,,,since rents go up,,,IF one had 20 properties that you were paying taxes insurance and maintance,,,would you not have more than enough money left to live on???