Melissa Silk
Renter stiffed me - next steps?
I have a small condo that I short-term rent in the summer months. This is my first winter as the owner, so I decided to try and get someone in during the off season. Being only 20 minutes from Portland, ME and Maine M...
Luke Cullinane
Tenant won’t sign lease /won’t pay security deposit.
I have a single family home that is occupied by a tenant at the end of a 1 year month to month agreement. Initially, We had a 6 month agreement at $1500 a month. They stayed the 6 months and then a year, so 18 month...
Scott Meyers
Self Storage Turnaround
Investment Info:
commercial investment investment.
Purchase price: $345,000
Cash invested: $1
2 year value add turnaround project in Macon Georgia put together as a Syndicate. New Roof, All new Doo...
Julian Colvard
Tenant wants to use on security deposit to pay a new SD??
A tenant wants to get their security deposit back from another landlord so they can pay the SD on the property I’m managing.
Have you had experience with this in the past, and how have you handled it?
Michael S.
Steps for Inherited Tenants
I know this topic has been thoroughly discussed on BP, but I wanted to clarify a few things with the more experienced.Here are the facts:We're getting ready to close on a 4-plex, currently all units are occupied. The ...
Daniel Nied
Developer fees for 4-unit infill project
Hello BP community - question for you all regarding an infill development project in Colorado. Quick background: 3 partners have come together to form an LLC for the sole purpose of buying a parcel of land, developing...
Christopher DeLucien
Secured Personal Loan for Downpayment. Yay or Nay?
I'm trying to open up this discussion in terms of both good and bad...After speaking with a few people and lenders on acquiring money for a down payment on a multifamily property, a secured personal loan came up as an...
Alex Place
Renting with no security deposit or dividing the security deposit into rent
I own a few rental properties and had a question that I wanted to run by you all. My wife and I own a small real estate investment company and while our goal is to make a living off this company, we don't want to do i...
Sara K.
Do You Require First, Last & Security? (34787)
We’ve owned our unit for over 2 years, but inherited a tenant that just recently moved out, so this is our first time signing a lease with a new tenant.
Is it standard procedure locally to ask for first, last and sec...
Lisa Craig
How to handle security deposit when one roommate moved out?
I have a condo I rent out in Michigan. I rented it to 2 roommates and the lease is up at the end of July. Back in February they were not getting along and one of the roommates just up and moved out without notice to...