You typically have 30 days to send the tenant a letter detailing the cost of any damages against their security deposit.

How much do you usually collect for the security deposit? 

Ensuring the safety and security of my guests and property is of utmost importance to me.

The seller was motivated to close quickly, and we negotiated a favorable price of $80,000, allowing us to secure the property at a discount and capitalize on its renovation potential.

With everything pretty much being new I feel reasonably good and have somewhat of a “it’s meant to be feeling” with the original buyer struggling to get the funding together to complete, allowing me the opp to finally secure.

Would you charge damages from the security deposit?

Do you believe that reviews are the main pillar for securing more reservations for a property that is already listed?

Additionally, I’ve secured seller financing for half of the purchase price, but I’ve been told this could complicate things further since banks typically prefer being in the first lien position.

It secures the loan with equity from the current portfolio, so providing liquidity for the down payment.

They had to dig a 12ft deep by 6 ft wide hole to replace.