
12 January 2016 | 11 replies
Offer to not require an increased deposit (you should get their old deposit from the seller held in an escrow for you) if they leave the unit clean, otherwise, you will deduct cleaning from their old deposit and require them to furnish a new deposit with the new lease.I would say that I am not a lawyer nor do I offer legal advice, I would check with an attorney who specializes in rental law to determine your rights and responsibilities, at the end of the day, you sign with a tenant in the unit, you own their lease as it is written.

1 October 2016 | 10 replies
I had a lawyer who shook his head in disbelief every time I walked in with another contract with "$1.00" as the deposit.
10 January 2017 | 19 replies
She didn't collect a deposit or last month's rent when they signed the lease.

11 April 2019 | 212 replies
I always write a 1k check earnest deposit with all my offer.

14 August 2017 | 5 replies
The problem is that the bank has never done any deals like this and wants a 5,000$ deposit in order to get it under contract.

16 May 2017 | 12 replies
She signs a two-year lease for $1400 a month and a $1400 security deposit.

1 January 2016 | 25 replies
@Andrea Tapp I understand your question and its straight out of wholesaling 101 and your answers are from other wholesalers who come straight out of wholesaling 101.And that is the long escrow periods.. miniscule EM deposits , long due diligence.

25 October 2017 | 62 replies
I think LA realizes this is so much tax revenue they want it all deposited in auditable accounts just like all the other businesses they tax.

18 October 2018 | 56 replies
They make a really low deposit, and put all kinds of escape clauses in the contract, then they market the property for sale (which is borderline illegal in most states without a license).

23 January 2018 | 26 replies
Do you required a non-refundable EM deposit even though that is not standard in the RE industry?