Jack Stone
AZ - last month rent and security deposit
We have a tenant who wants to use their security deposit as last months rent in Arizona. AZ law enables a security deposit to be a max of 1.5 months rent. Which we collected. Now that they are leaving they want to not...
Mohan Deep
How to bill tenant for their water usage after they move out
Tenant was responsible for 100% of the water bill. We pay directly and bill the tenant. The billing cycle does not coincide with the tenant's move-out date. how do you deduct the tenant's share of water from their sec...
Parker Fairfield
Discounted "Early Payment";defacto LATE payment PENALTY;Thoughts?
I recall a long time (20 yrs?) ago reading a book about rentals, and how most states have made it illegal to charge a 'late payment penalty' on tenants that pay late .... And that the author recommended saying somethi...
Bryan Price
Hard Money Loan Past Due (any red flags?!!!)
Hi All,I signed a promissory note secured by a single family home that a real estate investor intended to flip. The real estate investor has advertised on this site, and continues to advertise joint ventures and priva...
Katie Hawn
Is commingling a concern when returning a security deposit to a tenant?
As a landlord when I have new tenants, I have been careful about receiving a security deposit as a separate form of payment from any rent and depositing the security deposit in a separate holding/escrow account. Now ...
David L.
Securing property which won't be available for 1.5 months?
I was reading Blake Morris' post in this thread here:
https://www.biggerpockets.com/forums/52-rental-property-questions-landlording-issues/topics/106490-tenant-gives-deposit-to-hold-and-pay-first-months-re...
Linda Thomas
Itemized letter of deductions from security deposit
Hello,Tenant vacated unit and provided forwarding address. I mailed the itemized letter with deductions within the timeframe required by law. Tenant contacts me asking if I mailed him the refund. I told him i sent the...
Drew Denham
Advice needed on a potential Michigan land contract deal
I just bought a house for 18K last week and I found someone who wants the home under these terms...Rent to own for $1500 for 6 months ($800 going to the down payment for the LC) $700 per month for rent. At 6 months, u...
Eric S.
Chap 13 bankruptcy question-2nd mortgage note
Fellow Note Investors,I am reviewing the Chap 13 BK filing and plan in Pacer on a 2nd mortgage that is 100% secured. The Chapter 13 plan calls for the arrearages to be repaid over 60 months, but does not include the ...
Peter Green
Interest on Security Deposit in Sacramento
I have a tenant in Sacramento, CA requesting interest on his Security Deposit.He claims the last property management company gave it to him.My research has provided me with the following...Paying interest on security ...