🏆 Another Investor Found His Match!

She spoke to my wife about owing us $300 and my wife was confused and told her she didn't owe us $300.On 2/3 I text her she owes us the $150 for the first and second, I have her security deposit, and to return her last set of keys (which she is returning late).

It's good that there other units renting out for that price in the area because it means you may be able to match our go higher.

If you keep 1 account per rental and set up tracking categories to match Schedule E for your rental you can categorize them in the bank account and print out monthly summaries, year end summary. 

I can't give you a short answer to really share my real examples to best match this post .

Wow, I am assuming these bidders are losing their deposits? 

FEES:Rent: $700Utilities and High-Speed Internet: $75Optional Garage Parking: $50 (or plenty of outside free parking)Security Deposit: $700Property Features:Private Bedroom: 137 sqft unfurnishedHome and Kitchen: Fully Furnished and EquippedMonth-to-Month Lease (pay online with checking account or credit card)Furnished Private BedroomFlat Rate UtilitiesFree Storage AreaFree ParkingFree Planet Fitness MembershipFree LaundryFree Planet Fitness MembershipPets: stay in owner's room or accompanied in backyard.Private Room Occupancy: 1 personVid Tour: (coming soon)Lease Terms: Month-to-Month 

It would take five years of loss to match the amount required to renovate the unit.

Im was also wondering about the lease changes, notifying the tenant of the changes and new payment info, how and where to hold deposit etc.

I'd also advise putting the burden of dealing with security deposit on the tenants.