Congratulations on securing your first rental property—what an exciting milestone!

The Mortgagee must obtain a lease agreement of at least one year’s duration after the Mortgage is closed and evidence of the payment of the security deposit or first month’s rent.

For the month of August 2024, they are saying that they have hardship and want me to use the money they paid as security deposit (2X rent).Legally, am I required to use security deposit towards rent when they are delinquent or can I move forward with eviction process?

What kinds of deals are you working on right now, and what challenges are you facing in securing funding?

It usually starts with a notice being posted, so get that done asap to 'start the clock'.Keep in mind you should receive their security deposit as a transfer from the previous landlord as a part of closing, so that will at least compensate you somewhat for the lost income if they haven't trashed the place and such.One other set of questions would be - do you want them to leave?  

Securing a strong deal upfront is crucial, and adding a buffer for unexpected costs is a smart move.

What are the typical qualifications or criteria required to secure 100% financing for a rehab project?

We have just 5 properties, but with turnover each year, it is very time-consuming to figure out security deposit refunds net of any deductions.

The smart TV will link to the website for this specific property.WiFi - Enable guests to quickly log onto Wi-Fi through a QR code.Ring-type doorbell - This is both a security feature and a way to track individuals entering and leaving the property.Property-specific website - Develop software that generates a property-specific website displaying distances to nearby shopping centers, airports, freeways, entertainment, and other relevant locations.

Hey everyone,As someone actively involved in funding real estate deals across various states, I’m always interested in hearing how other investors are securing their financing.