**Security Deposits**: How should I handle security deposits for medium-term rentals?

Ward, et al. which changes the licensing requirements for parties who are the assignee of a home equity line of credit (“HELOC”).Crux is the state is saying Mortgage Lender License Required for Installment Loans Where Installment Loan is Secured by Residential Property even if you did not originate the loan.

Hello Investor,Congratulations on building a robust real estate portfolio in just three years!

Make sure you have copies of the leases and applications, and that you get the security deposits transferred over to you at closing, and the rents collected for the closing months should also be prorated and credited to you.  

I would suggest doing a trust if possible, as it provides more robust protections than a normal LLC would. 

I personally like Zillow for screening and listing my units then once I have a signed lease, I move them over to Avail which is much more robust for managing tenants (if you're self-managing which I recommend starting out).

Great tenant, really sad we still live in this era.The third tenant was an older lady whose only income was limited social security, but she had some savings.

Collateral - The quality of the asset the loan is being secured by.

Avoid paying large sums upfront.Online Payment: Use secure online payment systems to manage transactions and keep records.Permits: Ensure all necessary permits are obtained and required inspections are passed before proceeding with payments.

HI Tomer, you can definitely secure a fixed second or HELOC on an investment property.