John Fleming
Property Management Reccomendation
14 January 2025 | 3 replies
Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.
Andy Sabisch
Question on tenant smoking marijuana
8 January 2025 | 9 replies
It's simply factual: you violated the lease by smoking, stop it, remove the resulting odor and that a repeat action could result in eviction and loss of security deposit.
Chris Burton
FTHB - Buy & Hold
7 January 2025 | 0 replies
Purchase price: $187,000 Cash invested: $15,000 Sale price: $259,000 I got tired of moving place to place and worrying about finding roommate, security deposits and not having enough money to deal with maintaining someone elses home.
Chris Burton
FTHB - Buy & Hold
7 January 2025 | 1 reply
Purchase price: $187,000 Cash invested: $15,000 Sale price: $259,000 I got tired of moving place to place and worrying about finding roommate, security deposits and not having enough money to deal with maintaining someone elses home.
Mike Montanye
Deal Machine Customer Service
3 January 2025 | 14 replies
But they auto-deposited $50 into my "marketing account."
Jessica Kiely
New rental - attracting a qualified tenant
30 December 2024 | 8 replies
Do you currently have enough funds to pay first month’s rent and a security deposit?
Alexandra Winkler
Bank Account Operations
30 December 2024 | 1 reply
if you have an LLC and both properties are under it, you just need 1 operating account.If both are under your personal, 1 bank account specifically for the rental is enough for operating.Security Deposits should always be a separate account altogether.
Zach Denny
Partial Seller Financing
9 January 2025 | 5 replies
Also helping was a relationship with that bank (deposit accounts) and good credit.
Yvonne Wang
Example of a contractor contract and work list?
4 January 2025 | 3 replies
Hello @Yvonne Wang,The scope of work should include the following:- Basic info: Property address, client name, contractor's contact info, address, license#'s, signed general/operating agreement b/w contractor and client- Specification of repairs: Repair item, Quantity of items needed, total & per unit cost of items, taxes (if applicable), Completion hours, title of the person responsible for the repair item, written summary describing the work- Add'l info: Schedule of repairs, additional payment schedule details i.e. disbursement schedule, method of disbursement, deposits, holdback amounts, etc.The screenshot below highlights a couple of repair items.
Ryan Dubendorfer
tenant request for lease addendum
3 January 2025 | 4 replies
Consider getting a statement signed by all parties which states that everyone has agreed to terminate the current lease early on X date and all obligations by all parties have been paid in full and that the deposit will be kept by the landlord and will be applied to the new lease.