We refined it into a plan, gave her a deposit only bank card and, for the two years she was our tenant, her rent was never late.As I often say, we are an accommodation service provider, working to become a lifestyle service provider, and not merely a landlord.Another thing we are doing with our student rentals is offering them {partially} furnished - living room, dining area and bed, dresser, desk & chair in each bedroom - at an extra $25/month per furnished bedroom.  

For instance, I have a tenant in my property now who I did no credit or background check on, and they gave me no security deposit. almost everyone one the forum would say this is an absolute DEAL KILLER, and I would always agree with them....yet I did it, and I doubt I'll ever get a better tenant in my career (seriously, they are a dream).

Annnnd, I read on here somewhere that the person I assign my contract to, the assignee, needs to put a security deposit down.

Earnest Money - Do you state that an amount in addition to the $10 will be deposited in however many days?

Should I take money off tenant's deposit?

Freddie Mac requires 2 years Fannie Mae does not you can use rental income instantly as long as you have a signed lease agreement and can document you've deposited the security deposit into your checking account.

Hi Thomas,I think your numbers became messed up somewhere.It's good to not include coin laundry as that fluctuates up and down in residuals versus the flat rent.549 X 4 =2,196 a month X 12 = 26,352 yearly so correct there as long as you have verified this is market rent with no security deposit concessions or first months rent half or off to get the tenant in.Next I would look at tenant loyalty.

I had a deposit check, signed contract and something didn't feel right when my buyer left my office.

We were running up on the time limit for our earnest deposit to go hard and I didn't get my parents' neighbor on-board until my graduation party and a few beers when I brought up "hey Bob, we got this deal.

I spent sometimes 1 week to 2 weeks and then the people petered out and took corners trying to succeed and it doesn't work out that way.Now I tell them usually 25,000 non-refundable deposit upfront and 50/50 split.