Justin L.
Replacing no credit history with larger deposit or cosigner?
Hi BP! Question on screening. I am just getting the second unit of my first investment property (duplex) done and hopefully rented out very soon! After advertising and sifting through applicants I have 3 bible school ...
Chris L.
Security deposit as last months rent? yes or no...
A little history-selling my rental and asked tenant if they are interested in cash for keys if they move out by June 1. The offer would have to be signed by the end of this month if interested. Meanwhile, rent was due...
Pedro L.
Siding Contractor No show, refuses to return deposit (Illinois)
A contractor hired to replace siding in a relative's rental didn't show up. My relative requested her deposit back and they refused. They made the mistake of handing over the 1st half of the insurance check which tota...
Sam Heck
Who holds the deposit when there are no agents?
Newbie here! I'm ready to make an offer on a 4-plex that is being sold by the owner, FSBO. I've never worked without an agent before and want to make sure that I am filling out the agreement correctly. Who holds the d...
Lucas Morgan
Purchasing a four plex that is currently a group home.
Hello everyone,I am putting in an offer on a four plex in the Como area of Saint Paul MN. My concern is that 3 of the units are currently rented at a reduced rate of $200-$400 (normal market value easily over $1000) t...
Tim Flickinger
Anyone recommend a Deposit alternative?
Hello. Does anyone recommend a deposit alternative insurance company? I've been reading on the idea where no deposit has to be collected and it insures rent and damages. I only have 9 units and see some require 500+ u...
Kevin Sullivan
Security deposit issue
I recently purchased a 4 unit building using seller financing. The previous owner and mortgage holder claimed he did not receive any security deposits from the tenants, thus no deposits transferred to me upon closing....
Christian S.
Inherited tenant, behind on rent, no deposit or last months rent
My tenant has a history of being behind and I have not been able to remove him from the property yet. I should raise rents from $1000 to $1400 but I want back rent first. Last winter to catch up on rent he did a bathr...
Katelin Eberhard
No lease and won't fill out application
Have a tenant who is not on a lease and was not on a lease before COVID19, hasn't paid since January. I have asked her to fill out a lease application and she refuses to, she all of a sudden has all 3 months of rent ...
Tristan S.
Tenant in place, no lease, what are the possibilities ?
Hello guys,I am in Texas, I have a question about the following situation, the seller has tenants in place, they owe money to the seller. No lease in place, most likely no deposit either, seller says that they are on ...