What if they refuse to sign the checklist form.Do you wait to give copy of checkout list to tenant with security deposit or do give them the checkout list right away?

., pay 3% on deposits), lend at 6%, be on the golf course by 3:00.As a borrower, none of this really affects you.

It also doesn't really matter, the reason could be because the brother of the borrower was the State AG and new loan guarantors stepped up to reinstate the loan and opening a $10M deposit from the run off of a some non-profit political campaign fund, no telling, but you can be assured banks don't just walk away from money.Your concern is to locate the owner and the amount of liens, past actions that have been cancelled are irrelevant. :)

Some my see the security deposits as an assistance recouping there investment. just curious.

He also wants 50K as a down payment or security deposit in order to agree to the seller financed deal.

I would not accept the first month's rent and deposit by check, but after that, it's usually OK.

To simplify the puzzle at tax time, is it a typical practice to designate a new bank acct. to be used only for property-related transactions such as collected rent, security deposits, purchases for rehab and maintenance, etc.?

If you let them off the lease be sure that you make it clear that settling up the deposit with the departing party is their responsibility.

I purchased the property expecting to get $775/mo, but I just rented the house for $825/mo, have secured an $825 security deposit, received the 1st month's rent check for $825, and the tenant has moved in!

The contract was written for 240K with a 3 year deposit till finding financing.