I posted this over in the "Deal Analysis" section and it was suggested I post it here to get more response... anyways
I've found my first rental house to purchase... I went to a mortgage broker that is one of the cor...
Tenant moved out. Walls need touch ups and two bathroom cabinets are de-laminating (excess water dripping and not cleaning). The baseboards have knicks on all of them. One has a piece of it taken out. Is the water da...
I am new to these forums and to the real estate investing world… I recently acquired a single-family home that's a non-conforming duplex. The previous owners paid all utilities for both tenants and included that in th...
My landlord/tenant contract states pay rent by the 5th of the month by 5 p.m. During the first year, my tenant failed to pay rent on time and sometimes we had to threaten him with eviction letters. We reluctantly sign...
I am starting to receive applications on my first rental property (all digital applications). I need some advise on what exactly I should be looking for to qualify each tenant please.Income: What multiples of the rent...
My tenants always pay a couple of days late every month.
In my lease, there is no grace period and a fee of $70/day late.
I haven't charge them anything.
When they leave the property, can I deduct this late fee for...
I'm a single property landlord. Tenant recently moved out and the pets left a bunch of claw marks in the paint. The paint was last done in 2017. This tenant moved in 2019 and the walls were in good condition minus nor...
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If your security deposit is equal to one months rent do you have to pay 5% interest? if you have an additional defined pet deposit do you have to pay 5% interest? thank you !!!
I believe Mississippi does not have any late fee laws that I am aware of (it just goes by what is stated in the lease) - is that correct? Is 10% late fee too much for a higher end property? I do give a 5 day grace per...