Ian Evans
Transferring Security Deposits at Closing
Hello BP!I have a question about transferring security deposits. I just closed on 2 units and I completely forgot to ask the owner to transfer the security deposits at the closing. We closed about a week ago and now I...
Andrew S.
Office self storage facility
My main business has been renting storage space for about $200 per month for years. And that's not much space at all. It's the typical drive up with a metal door/mice/burned out light bulb facility. I was wonder...
Mike Huggins
Use Security Deposit in this Situation?
I have a situation where the boiler room pipe sprung a needle size hole, spraying a very small amount of water against drywall. From the beginning of the lease, I have instructed the tenant to look at the boiler roo...
Drayden Morgan
Should I keep the security deposit ?
I am a first time landlord and I am already having problems with my tenant paying late. She usually pays 2-3 weeks after rent is do. It’s not long enough to get through an eviction process I’ve tried but still a pain...
Jessica H.
How to manage tenants if you are living in the same unit
Hi everyone, I'm looking to buy a condo in Chicago and use it as my primary residence but also rent out the additional rooms to roommates. I was looking into the Residential Landlord and Tenant ordinance but it was un...
Reggie Rearden
Mobile Home Park- How to accept rents?
I'm getting ready to close on my first mobile home park. It's a 17 unit. The current owner goes door to door to collect rent every month but I'm not doing that. All of my tenants drop off rent at my office. What recom...
Doug Spence
OKC Lenders - Refinancing
Hi everyone! I'm looking to connect with more local lenders in the OKC area, specifically regarding refinancing.I'm looking for a lender that will do a cash-out refi with no seasoning period for a property held in an ...
Janis McCarter
Security Deposit
Must the Security Deposit be placed in a bank in the State (FL) in which the rental is? In Florida?
Ken Lee
How do I prevent theft and transient moving in while remodeling?
Background: I have located a quadplex in a low-income neighborhood with NO tenants. The seller is trying to get rid of the property because he is having trouble remodeling all the units in the quadplex. He reported...
Ken Chud
Eviction Due to Tenant Not Repaying Balance of Security Deposit
Hi folksI have made a mistake of allowing a voucher-assisted tenant to move in when she did not have the full amount of security deposit during Lease signing. Had her sign an impromptu agreement I drafted myself, whic...