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!)
Jimmy Jeter
New construction, 75% done. About to run out of money
16 January 2025 | 10 replies
We did give 50k deposit up front which he says he will use towards finishing up.
Farnaz Z.
How to screen a tenant without a social security number?
13 January 2025 | 4 replies
Just be sure to clarify that she isn’t a leaseholder but is authorized to reside in the unit.If you’re concerned about liability or want more peace of mind, you could ask the primary applicant for additional security, such as a higher deposit, depending on what’s allowed under Colorado law.
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.
Lorraine Hadden
Sellers/Agent Placed the EMD in an Interpleader Account w/the CA Courts
24 January 2025 | 3 replies
We completed our due diligence within 10days and once the report came back, we immediately requested our deposit back.
Reyna Ayala
How many bank checking /saving accounts are needed as a first time landlord
8 January 2025 | 10 replies
You will receive the security deposit in Checking but then transfer it to Savings.Savings: Hold the deposit here so it's separate from operating funds.
Donald Hatter
Reporting Unpaid Rent to Credit Bureaus
11 January 2025 | 1 reply
Our lease contains a clause stating the security deposit cannot be used for the last month's rent. 3.
Olivia Blake
New Landlord - Tenant Refusing Payment Method
27 January 2025 | 13 replies
As a PMC, we allow tenants to:1) Mail in rent (we charge a Processing Fee)2) Deposit at our bank (we charge a Processing Fee, but less than the mailing one)3) Use Zelle, Venmo, etc.
Charles Evans
What Paperwork Should I Be Keeping Record Of?
23 January 2025 | 5 replies
Here's a good folder setup.Bank StatementsCredit Card StatementsProperty Management StatementsMortgage StatementsSTR Platform StatementsInvoicesReceiptsClosing Documents (Purchase/Refi/Sale)LeasesCheck & Deposit ImagesVendor ContractsW-9’s & 1099’s