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Results (10000)
Mindi B. Separate checking account for each rental?
1 December 2011 | 29 replies

I am closing on my second rental prop next month and want to use an LLC for asset protection. In order to receive rents and deposits I'll need a business checking account.

From what I've learned each property should...

Karl Eisenhofer Security deposit compliance in Maine
22 July 2022 | 6 replies

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...

Sydney Guzman Can I require a tenant to professionally clean/steam clean (PA)?
20 June 2022 | 14 replies

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...

Jim Francis Do I have to pay interest on security deposits?
16 November 2013 | 7 replies

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?

Xochitl Cadena Does Section 8 pays first and last month lease requirement?
2 January 2021 | 9 replies

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...

Percy N. PA Rental Security Deposit Escrow
30 May 2023 | 6 replies

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...

Linda Thomas Itemized letter of deductions from security deposit
17 August 2022 | 5 replies

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...

Michael J. Is My Tenant Screening Criteria To High?
20 October 2019 | 17 replies

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...

Eric Jones Conditional Approval for Married Couple
12 June 2023 | 3 replies

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...

Theresa P. Specific Question for Illinois Landlords Regarding Security Dep.
1 January 2019 | 6 replies

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...