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15 February 2025 | 2 replies
With a bit of planning and good operations, one can easily manage 20 to 30 properties without an assistant, with less than a day or two a month.There's lots of automated ways to check on rent, make deposits (my tenants deposit directly into a bank account), receive maintenance requests, have maintenance done, etc., etc.One thing I could argue is to have your tenants ONLY email you, especially for maintenance requests, and that email goes directly to the vendor that you have set up to handle it.
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19 February 2025 | 32 replies
We embrace S8 applicants, but screen them just like any other applicant.Many have an entitlement mentality and try to leverage their S8 voucher by pretending to be helpless:1) A percentage won't apply because they expect a landlord to waive application fees for them.2) Many cry broke and expect a landlord NOT to charge them a security deposit.3) Many of those same S8 tenants trying to avoid paying a security deposit, won't make an effort to call the list of nonprofits we send them that will pay their security deposit if they apply.4) A lot of them try to avoid paying for utilities.
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7 February 2025 | 3 replies
But you don’t need a new lease to make a security deposit amendment, that’s just a one page amendment.
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19 February 2025 | 0 replies
Lessons learned about PA landlord tenant law. can only collect one month rent value as security deposit or else judge makes you give it back.
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10 February 2025 | 29 replies
A realtor who used to have a PM company called "JBS Realty" until this month.He used to manage 8 of my properties and is currently refusing to pay out multiple 5-figures worth of rents/property reserves/security deposits/unpaid utility bills owed.
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19 February 2025 | 1 reply
Lessons learned about PA landlord tenant law. can only collect one month rent value as security deposit or else judge makes you give it back.
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5 February 2025 | 4 replies
Certainly one account for each LLC, (separate for security deposits based on your local rules)
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5 February 2025 | 5 replies
Would it be a good idea to take a deposit to secure the deal until the rule clears?
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15 January 2025 | 4 replies
Yes, you can deduct the 8 days rent from the security deposit.
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5 February 2025 | 4 replies
Furthermore if they are always paying they probably will stiff you in the end if they know they aren't going to get the deposit back.