Jane S.
Has anyone heard of a company called NOMAD
13 January 2025 | 8 replies
Nomad also held the renter's deposit hostage even after I cleared the transfer with no damages to be charged.I had to remind Nomad there is a difference between “can” and should” , while you “can” hold a deposit longer it “should” only be done when there is a question about damages.My bank liked the guarantee, the disorganization inside Nomad and the horrible vendor management would cause me not to use them again.
Jermaine Washington
Tenet has abandoned property without paying rent.
13 January 2025 | 11 replies
Follow the step for the deposit-even if it is to send a registered letter to their last known address stating that the deposit was used for outstanding rent and whatever damages or cleaning was needed (itemize it).
Garry Lawrence
Mass Shooting Near Property I'm About to Buy – Should I Back Out?
12 January 2025 | 7 replies
I’ve already put down a $2,000 earnest deposit and paid for the inspection and appraisal.This event is unprecedented in the area, as the area is typically low in violence and considered very safe.
Martin Phinney
Moving Out of State - Should I Sell or Rent my House?
28 January 2025 | 9 replies
We don't have much capital to work with outside the equity in our current home, but should be able to come up with first/last/deposit on a rental without selling.
Jason Hatfield
Buying a house at auction
15 January 2025 | 8 replies
@Jaycee Greene they require a non refundable deposit and give 48hrs to see proof of funds
Olivia Armstrong
FHA or any options for property with two homes?
14 January 2025 | 2 replies
We have some $ saved but don’t have enough to put a full 20% deposit down as needed by most conventional lenders.
Jonathan Baptiste
What I learned after 1 year of house hacking
17 January 2025 | 11 replies
It saved me when things got real (hello, crazy boyfriend with trust issues).Security Deposit: Non-NegotiableOne full month of rent as a security deposit (at the very least!)
Gary Green
Suggestions for saving for first investment property
25 January 2025 | 1 reply
Ask your employer if you can have your pay split up into three deposits, one to investments savings, one to your checking account for personal use on a daily basis, and one to an emergency account you can tap into so you don't have to tap into your investment savings.
Walder Javier
Has anybody worked with Rehab Financial Group? (Hard money)
23 January 2025 | 3 replies
Not sure if they have upgraded to desktop appraisals but if they are still doing in person appraisals , make sure you get everything (scope of work, good faith deposit, social, LLC docs, insurance, proof of prior experience, financial statements) in ASAP.
Bob Asad
How do you prevent co-mingling of funds?
7 January 2025 | 24 replies
@Bob Asad at our bank, we have an escrow account for security deposits, it is set up with sub-accounts for each tenant with their security deposit amount and their SSN.