Jerry is now asking me for half security deposit after lease term expires.

@Patrick Chiles I actually participated in this program with 10 houses last year, and yes-- I always got rent during COVID, got double security deposit, and we had 1 success story (maybe 2).   

My opinion, don’t go Airbnb, corporate housing is way more secure and less problems with municipalities and neighbors.35k investment generates $1,500-$1900 cash flow.So with $100k, you can easily hit your $4500 mark.

I just secured a 1mil umbrella policy and all my properties have 300k in liability.

Use it to secure created paper to help you buy the next deal.

———————Bryan,Thanks for the tip on securing the necessary permits, I definitely wouldn’t want to run into any issues down the road.

The point here is what is the weight the current wall support. 

Get a security camera.

:Speak with a securities attorney to develop your entity, either 506b or 506c typically.

I have a lease coming up due and the lease agreement has 2 people (not related to one another) on the lease with an initial security deposit of $1000.