Maine law states that security deposits must be held under terms that make the funds protected from bankruptcy and judgements against the landlord. Talking with my bank, they offer escrow accounts where funds belong t...
In Pennsylvania, can I legally put a clause in the lease agreement requiring the tenant(s) to professionally clean the unit and steam clean the carpets before vacating, regardless of condition, as part of the lease? I...
I've heard that landlords have to pay interest on a security deposit in some states. Is this true? Is there somewhere to find out which states this applies to?
I am wondering if any of you can clarify how you manage renting to Section 8 tenants regarding the rental required when entering the lease? I was under the impression that Section 8 pays first, and last month while th...
PA Landlord Tenant Law states:68 P.S. § 250.511b§ 250.511b. Interest on escrow funds held more than two yearsCurrentness(a) Except as otherwise provided in this section, all funds over one hundred dollars ($100) depos...
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...
Good morning Bigger Pockets community.
I wanted to get your perspectives about my criteria's I am currently using trying to rent out a 3 bed row home in a "C" (blue collared) neighborhood. Every day for the past mon...
We have a husband and wife that have applied for one of our properties (both of them applied individually, as instructed). The wife meets the minimum requirements, but the husband does not meet the credit score requir...
We own a 3 unit building in Chicago. Do we need to keep security deposits in a separate bank account? Any information I see on the matter only references larger properties. Just wondering if there are any rules smalle...
Hi Experts, need a advice, I am excited to have finally shortlisted a applicant on my first property but they will not be moving till June 1st, I am thinking of collecting a hold deposit but not sure how it works in T...