Greg R.
Dispute between tenants regarding security deposit
Hello BP,
I am no longer managing this building as I passed it off to a PM. However, I became aware of a situation the other day and I'd like to get your take on it. The situation is that two friends rented the unit,...
Sean Sarmiento
Suggestions of securing a new property
Current scenario: One of my family members has a health issue and we would like to purchase a residence closer to the rest of us. That family member currently owns a home with a market value of ~$400k that is full p...
Jacob Mendrin
Being sued for keeping security deposit.
Hello all, apologies if this question has been asked before but after searching through the forums for a while I found nothing to match my particular situation. We have recently sold our rental home to the renters. Th...
Angelo R.
Higher security deposit for more tenants
Standard practice seems to be a fixed deposit amount per unit, regardless of the number of tenants. While there are other factors and exceptions, more people generally can cause more damage than fewer people. I always...
David S.
Using Schwab Secured Line of Credit
I have a secured line of credit with Charles Schwab. No up front fees and it's currently at 5%. I am looking at using it to purchase a SFH instead of cashing out equities and I don't like the fees and high rates tha...
Sylwester Olszewski
Security Deposit and Unit Damage Question
My tenant is moving out at the end of this month. I went and did an inspection of the unit and found some problems.1) Handle to the refrigerator is ripped off. 2) They used large nails to hang paintings so now I have ...
David Chou
Question about security deposit related repairs
Hi all, I have a question regarding repairs to my rental unit and the security deposit. So the set up is this:1. Unit was having issues with the freezer.2. Sent over a repair man, who fixed the issue.3. Unit started e...
Deborah R.
Tenant fighting security deposit deductions - Florida
Hello, I had a tenant just move out and had to do quite a bit of work to the property to get it rent ready again. We gave the property to them in pristine condition. They are contesting my deductions from their depo...
David Cole
Need advice on securing a loan
I currently own a property in Kansas City, Missouri. I live in Garden City, Missouri, which is about 45 minutes drive from the property in Kansas City.The property is currently vacant.I own the home, have no loans or ...
Shahid Iqbal
Security claim - how much is reasonable
Hello, Can I ask for expert advice on this security claim that I'm considering.I had a property in S. Florida that came out of rental after 3 years. The house had brand new paint and every thing was functional and ver...