Dave K.
accepting rent in multifamily
1 May 2017 | 17 replies
These tenants’ rights include: Having the deposit segregated from the landlord’s own funds;Having the deposit placed in an interest bearing account;Being told what bank has your deposit;Receiving a receipt for the deposit at the time it is given to the landlord or his agent;Receiving interest on your deposit after every 12 month period;Having the deposit returned 45 days after vacating the unit;Receiving actual paid receipts for any deductions due to damage;Receiving a two-times the security deposit penalty for violations;Receiving reasonable attorney fees and court costs.
Matthew Steslow
Newbie from Williamsport, PA
20 June 2017 | 11 replies
As I see it there are three options. 1- take it all out and take the minimum 40% hit for taxes and penalties. 2- take a loan up to 50% of the value.
Howard Maidens
security deposits
10 April 2016 | 17 replies
I have recently started including a break-lease fee equal to 2 months' rent in order to break the lease early without penalty.
Mark Forest
First eviction - no money damages
21 May 2016 | 6 replies
The tenant owes us almost $2000 in unpaid rent, penalties, and accrued water bill.
Sarah Vaught
How to use my self-directed SEP
20 January 2023 | 6 replies
My accountant told me I could use it but would need to replace within 60 days to avoid taxes and penalties.
Freeman Schultz
Tenant requesting mailbox access after vacating unit
25 July 2022 | 13 replies
Put in penalties that encourage to encourage them to take measures that will save them money.
Lana Aks
24 unit apartment loan
18 April 2018 | 2 replies
Hey @Lana AksIs there a prepayment penalty that comes with the loan.if there is, one option would be to factor that in your total acquisition costs and negotiate the price down accordingly
Ruby Trinh
Terminate lease early
22 January 2023 | 9 replies
You can always ask them if they want to end the least a month early with no penalty.
Zachary Pichette
Turning current primary into investment & Purshing a new primary
28 March 2018 | 5 replies
Question 2) Because I purchased my current residence as a primary, will I face any penalties in trying to purchase another primary so soon?
Chad Acerboni
Lending options on a STR we have under contract?
15 January 2023 | 15 replies
No pre-payment penalties. 2) DSCR loan (Non-QM) is also most likely an 80/20 LTV because it exceeds the threshold of $726,200 and is a jumbo loan.