Hello All, I am in the process of screening a possible tenant for my property. The couple was going to apply together but one of them ended up saying that she was not going to move in until the following year. What ar...

In other words, I can't raise rent to the current tenant, but if I get rid of my tenant and get another one it seems like I would be able to charge the current rates; not sure.I'm in a west Chicago suburb.Any word of wisdom is appreciated.Thanks!

It ranges for many different reasons.If the lender you are planning to use says it is going to charge you $7k-$8k then put that number in there.Though, I must admit that does sound high.

I would like to "charge myself" 1% interest annualized, and return $15,000 + $1,500 in interest back to my SD-IRA. 

Some will charge big fees or points for investment properties.

Act and any applicable laws regarding foreclosures in the state the property is in.

In this scenario you would do your normal screening on the new applicant, and write an addendum to add them as an authorized occupant.If you feel comfortable releasing the tenant from the lease you can write a new lease with the new parties and transfer the deposit to that lease. 

Will he charge any interest?  

Hi All,I have a question to anyone who works with banks and handles applications for loans.

For the multi family, which there is 400 units we own and manage, we charge $25 for water, sewer and trash, tenants pay gas and electric themselves.