Setting aside the security/liability issues, you can now put on Smartkey, which makes re-keying even easier.

For those looking to learn more about our new securities environment this is an excellent read:For those looking to learn more about our new securities environment this is an excellent read:The article does a great job of talking through the constraints for issuers and the problems with the current legislation from a state securities standpoint.

If you're talking about a hard money lender (who may prefer to be called private money lender), they will lend the money into the LLC once the deal has been reviewed and approved, taking a security interest in the property (mortgage or deed of trust), and most likely a personal guarantee from at least one partner in the LLC.if you're talking about actually taking on an investor partner in a deal, then they would be a member of the LLC and how the money comes into the partnership would be negotiated up front and dealt with in the partnership agreement.

We do have the regular security deposit (average $1,300) which we feel can cover any problems we may have.

Many brokers have gone correspondent because of this, which will allow them not to disclose origination, and therefore still charge more.A correspondent lender basically has a line of credit from a direct lender, it uses it to fund the loan, and them it sells the loan to the direct lender.Make sense?

This is the time to gather your lease and evidence of recent payments and evidence of a security deposit, if any.

I would definitely take this out of the tenant's security deposit, since it's his arrest that ultimately caused the damage.

@Ron Kelley Find out what the policy is for tenant security deposits.

Diego, if you can, I would go see a Legal Aid attorney and see if they can help you recover your Security Deposit based on tenant/landlord law in your State.

I do have his full security deposit of $630 that was transferred to me from the previous owner.This is my first rodeo and I'm not sure how to proceed.