There are some companies, i have a few, that will offer coverage for things like incidental tenant damages, pet damage, bed bug remediation, insufficient security deposits, etc.

If there’s money left over, you’d be wise to keep funds from sale proceeds in trust for the tenant for at least one year before pocketing the extra cash.If there is insufficient money to cover back rent, property damage, or storage costs, you may sue the tenant in small claims court.

Grant it you tend to have a tougher time with tenants in worse areas.I would class them this way:A= great credit, work history, rental historyB= ok credit, work history and good rental historyC= bad credit, insufficient income, evictionsD= never entering my rental property

Not all of it was poor advice Kevin, LOL.It would not hurt to look at the free stuff toget ideas and bring up with your attorney.Gotta say, many attorneys are boilerplate junkies, and many I have seen were simply insufficient for addressing different strategies in RE, at least to my liking.A specific example, is the ability to bring in limited members as partners with restriced voting and management rights.

As an alternative, would it be legal to require your tenants to pay via ACH bank transfer every month with a substantial penalty if the have insufficient funds?

Over time this silt went down the rear drain and worked itself the length of the house and whenever there was a rain the pipe was insufficient to drain the water the the sewer.

You're provided insufficient details to really understand the situation.I could take this as the friend of a friend doing a shady transaction attempting to scam the "old lady" out of her house.

It’s punishable by civil suit and deducted from the past tenants salary, or by criminal offense which could land the tenant in jail if the landlord tries to cash the PDC and it is insufficient.

The rumors are that the investments were fraudulent, insufficiently documented, had little or no equity from the start, bogus or missing trust deeds securing notes, etc.I started this thread because I'm leery of people who place themselves in a position of trust, like like people who start clubs, create a real estate kindergarten, and take people's money, ostensibly for investment purposes (rather than education).Cautionary warning: one way or another you're going to get an education.

> Construction started in November on a DUNKIN DONUTS, a MOE’S SOUTHWEST GRILL, and a GNC NUTRITION STORE to fill buildings across the street from the Camillus (Onondaga County) Mall.