Ross Verbiyan
Investor in Commercial Property FL (Performing Note)
Hi, I work closely with a large bank and am selling a performing-note. It is for 6 large commercial properties located in Hialeah Gardens, FL.
The total loan amount is $15,899,574.79.
Rate is 5.95% and will continue ...
Bruce Yi
Damages in excess of security deposit
Hi, my tenants just moved out and the property is a complete mess to the point where a full rehab may be needed. The security deposit is approximately 10% of total repairs so it won't cover most of the damages. What's...
Kusal Kularatne
Using co-living to purchase several homes and scale?
Hi y'all! I'm an ROTC Cadet in my junior year and will be commissioning as an Army Officer in 2023. I plan on using the VA loan to buy a house and use the co-living/house hacking model to grow my portfolio. Here's the...
Zoabe Hafeez
How much is your security deposit?
If you're charging $1500-ish/month for a single family home, is it reasonable to ask equivalent of two months ($3000) for the security deposit? I'm finally at that stage of landlord where I'm committed to better reha...
Thor Camargo
Assessing damages to floor against security deposit
Had some tenants that used a plastic carpet protector on wood laminate floors. The plastic had spikes on the bottom to keep it from sliding, and those spikes ended up digging divets into the laminate floors.I assume t...
Danielle J.
Rental Agreement vs. Lease
Hi BP! I'm purchasing my first multifamily property located in Redlands, CA. The property is nicely located near a university and the area generates a pretty decent selection of tenants. I've been reading about the pr...
Scott K.
How to handle a tenant who is using their security deposit as a last month's rent
Hi all, we have two tenants (I'll call them Jane and Alice ) on a 1-year lease which began in December.They did several things to violate our lease agreement which included 1) bringing in a 3rd tenant without telling ...
Keiko Bake
Last month's rent - Deposit in Lieu of Rent
Hey Gang,I just had a renter who's lease was set to end on June 30th, send me an email on May 20 of their intent not to renew. I had my property manager start finding new tenants and he was scheduling showing the pla...
Richelle T.
Help! Section 8 security deposit question
Hi everyone
I decided to rent a house to a section 8 tenant. Long story short, section 8 misquoted the total rent rate they would pay and the tenant portion. They told me to allow the tenant to move in, I did (bad m...
Vince Futia
Feedback, thoughts, idea's
Hi BP community!Just wanted to get some feedback on a potential investment I was looking atFacts: 2 family (4br + 4br) / students / Always rented / 2500 sf of living space, house is in very good condition a great deal...