This in addition to collecting a security deposit stopped the threat of parties from ever starting at the places I manage.

- Listing price to buy: ~$700k a few months ago- Rent: $3.4k- Master lease up to 2yr- $10k initial nonrefundable deposit towards down payment- 15% of rent will go towards down payment - First month, security deposit, and $10k due = $16.8k

He thought the S Corp should shield him, why bother with anything beyond that.I followed the case as my employees had to take time off to give depositions.

Personally, I was under the impression that if you back out of a deal where you have paid deposit and cleared conditions, you would just lose the deposit.

Examples include: marketing, application screening, collecting the deposit, signing a strong lease, late rent, unpaid rent, unauthorized pets or animals, etc.Here's my basic beginner advice: 1.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Most, however, have us pay everything out of the income, depositing their net rental and mailing/emailing their current month reports on/around the 15th. 

Bank's attorney informed me if title isn't clear deposit can be refunded. 

A few red flags include contractors who take forever to respond (I don't mean hours, I'm talking a week or two to get a yes or no), contractors who are priced significantly lower then all your other bids (these contractors can sometimes run off with your deposit money), and those with only 5 star reviews.

You do not even need to put a deposit down (I never do... well I do but its like 5 dollars or so) because I am 100% honest and transparent.