Michell Chase
Inherited tenant on purchased property - seller didn't collect security deposit
12 December 2024 | 3 replies
You identify the problem (lack of deposit) during your inspection phase, then hit them with an objection that requires them to pay you a deposit at closing.
Joel Oh
salt water hot tub
13 January 2025 | 23 replies
and maybe change the water once or twice per year).I always consider 40% of what sales person say, matches the actual performance.
Alexandra Winkler
Bank Account Operations
30 December 2024 | 1 reply
if you have an LLC and both properties are under it, you just need 1 operating account.If both are under your personal, 1 bank account specifically for the rental is enough for operating.Security Deposits should always be a separate account altogether.
Jason Allen
Subletting Expense deductions
3 January 2025 | 2 replies
I am subletting a property that I am planning on purchasing the set up where instead of any type of security deposit I am re-having the property which is necessary before I rent it out.I will have about $20,000 in expenses all before I purchased the property.
Jorge Abreu
💰 Raising Equity: The Most Stressful Challenge
26 December 2024 | 1 reply
Preparation is key, and relationships are everything.When closing a property deal, the funds typically required include a purchase deposit, which is refundable during the due diligence period, and an additional nonrefundable extension deposit.
Andrew Grimmett
Capital Gains from the person selling to me
23 December 2024 | 5 replies
The seller becomes the bank and pays capital gains one time on the downpayment (which keeps it low to make sense for them) and then also monthly on the payments (also incentivized to just match how much he wants a month).
Brandon Morgan
is an LLC necessary?
21 January 2025 | 31 replies
The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.
Ben Hofstra
Best Bank Account for my Situation
9 January 2025 | 9 replies
For example, I have a main account that is for my holding company, sub-accounts for each property, and sub-sub accounts for security deposits and things like CapEx for each property.
Troy Parker
Renting your first rental to a friend
15 January 2025 | 10 replies
Ensure you collect a proper security deposit (typically one month's rent in Florida) to cover potential damages.Your plan to increase rent next year makes sense given rising costs (taxes, insurance, and maintenance).
Brandon Weis
How to Ensure Tenants Get Renter's Insurance
30 December 2024 | 6 replies
If they fail to pay, then you can choose to try eviction or just hold the charges until the end of their lease and collect it from their deposit.