I own 5 units. 1.Do I need to keep each individual security deposit in a separate checking account?2.3 of the units are in a 3 flat. Can I keep those together in one checking account?"Intermingling funds" makes this c...

Hypothetical: You purchase a house with a tenant in place and close in the middle of the month. There were no adjustments for prepaid rent at closing. Let's say the tenant's lease is for $1,000 per month, beginning Fe...

Hi All,A friend of mine recently signed an offer to purchase a home. The seller agreed to the following terms: Seller will contribute to $X towards the buyer's closing costs and/or prepaid items. I told him that this ...

Has anyone worked with Security National Mortgage before? My escrow went up, so I prepaid the estimated taxes and insurance, but my overall monthly premium went up although I have a fix rate. They sent me a escrow ana...

I am going to buy my first property and the bank approved $140K with 25% down. Loan amount will be $105K. But bank total charges will be $4,452.47 (1533.47 prepaid item and closing cost $2,919.00. Is this reasonable c...

I'm working with a couple of folks that have had credit issues. They suggested that they would prepay a certain amount of the rent.Is this a good idea?NJ statues state that no more than 1 and 1/2 month of security dep...

What would you do in this circumstance? I am buying a new home for my primary residence and leasing out my current home. I do not have signed lease yet or a prospective tenant lined up, which is concerning.

Anyway, ...

Hey everyone,I just recently bought a rehabbed property in KS, MO. my PM just informed me that someone is interested in renting the property. This individual just hit a jackpot and wants to pay the one year rent upfro...

I just had a prospective tenant tell me that he would want to pre-pay the yearly rental fee in cash upfront because "that is just the way he does business."  My gut tells me that this is a red flag.  I would still scr...

I found a mortgage broker online (on lending411) as I was annoyed with my national bank (which I found is being sued by the govt!) for giving me the run around and pretty much taking so long on my application.

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