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1 November 2024 | 7 replies
Ideally, you'll want to see average 90% occupancy across the board, otherwise you'll be relegated to regional bank and credit union lenders that require (i) recourse, (ii) deposit requirements at close, (iii) slightly higher rates, (iv) lower amortization, and (v) less interest only [if cash flow is a priority for you].
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31 October 2024 | 3 replies
Good chance they don't pay the owed amount, but you can probably also count it against their deposit and then send the balance to collections if they refuse to pay.
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31 October 2024 | 5 replies
---DSRC loans avoid this issue.4) Can't represent your LLC in court---You'll need to hire an attorney for evictions, Security deposit disputes, etc.If you need a business bank account, you can open one with a DBA, which you can get at the county.
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30 October 2024 | 15 replies
Yes, you have a deposit, but it may not be enough.2.
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12 November 2024 | 171 replies
Deposits were in my account.
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31 October 2024 | 5 replies
If he doesn’t you use the security deposit.
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31 October 2024 | 17 replies
We have $2100 security deposit, however she also skipped out on her last month’s rent and PM did nothing.
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1 November 2024 | 22 replies
At move outs I always hire cleaners and bill accordingly from their deposit, then go over it again my self before showing.
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29 October 2024 | 4 replies
I also recommend including some move-out instructions for cleaning, how to turn in keys, when they will get the deposit back, etc.
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27 October 2024 | 1 reply
An ideal bank would allows one to set aside tenant's deposit money in a separate account that earn decent interest and is landlord friendly.