Corey Valin
EMD loan protection paperwork
29 December 2022 | 4 replies
IF someone doesn't even have the money for an earnest money deposit then they are not likely to be able to pull off the deal.
Rachel Orvis
Informing tenants of new ownership
14 December 2022 | 7 replies
Beginning with rent for the month of September, please pay your rent by depositing the entire amount into the following bank account at (your bank): account #123456; routing # 123456.
Angela Persico
Renting apartment for business housing?
30 December 2022 | 2 replies
Then I require a double deposit, plus an additional fee to cover a mandatory, professional cleaning after departure.
Alf Holst
Picking the most qualified tenant out of 2
26 April 2019 | 9 replies
If they opt not to accept the property by declining to timely give you a non-refundable reservation fee or actually sign the lease with a full security deposit and first month's rent THEN AND ONLY THEN should you process the next applicant.You should not process multiple people and select one subjectively; you're asking for trouble with fair housing when someone claims they were discriminated against.Offer the property to the first one that applies that meets your written standards for qualification.
Stephen Homes
get out of a 1 year lease
31 December 2022 | 8 replies
As mentioned read your lease carefully.My lease states tenant is responsible for duration of lease or until It is rerented and they lose their deposit.
Cole Steele
LLC, Personal Corp., or what?
31 December 2022 | 5 replies
I just read chapter 16 (getting ready to close) in "The Book on Rental Property Investing" and it talks about keeping a checking account for rent and a savings for security deposits.
Olivia Grabka
Easy Fix & Flip in Orange, MA!!!
4 January 2023 | 0 replies
We think the Buyer got cold feet and was afraid we were going to keep their deposit, so they ginned up a complaint.
Vanessa S.
Broken Window Problem
4 January 2023 | 24 replies
@Theresa Harris - Good point....you can also deduct the window expense from her security deposit upon move out.
David G.
tenant wants to add mother on the lease?
4 January 2023 | 26 replies
Ask her to schedule a final walk of the unit on or before (the departure date) with you so that you can arrange for any return of security deposit provided the unit is in satisfactory condition and all contents/trash are removed from the premises.
Duane Ward
When to be flexible with a tenant, when to be rigid
4 January 2023 | 12 replies
That's why we also have a simple early termination for leases (1 month + deposit if there's no damages), because they get to walk clean and we get the property back, no fuss no muss.