I use the security deposit (and the first month's rent) as a test case to see if the potential tenant will be able to pay rent on time. If they can't come up with a security deposit and 1st Month's rent prior to w...
Hello allWe are considering accepting a holding fee from a potential tenant that will go towards his security deposit when he completes payment of security deposit and first month's rent by a specified date. If he fai...
I'm considering renting to 3 young professional guys, before I've only rented to families so what was wondering the logistics of this situation. All 3 will be on the lease, in terms of payment I would like to desig...
I'm new to all of this, can someone help me understand exactly what a non performing note is? What exactly am I buying, and what are all of my options when selling? All help is appreciated, thanks!
I am currently working on acquiring a commercial vacation rental property, which I plan to transform into an 18-suite boutique hotel, complete with a public bar/restaurant and a pool. However, I'm facing a shortfall: ...
Hello - I have a private lender who is willing to lend us money to finish our current construction project. We have quite a bit of equity in a rental property, and he would like to use that as "secured property" for t...
I just went under agreement on a duplex, but it comes with tenants in both sides. This is the first time ive inherited tenants and wondered what everyones process is with new tenants. They both have leases that ende...
I learned some formulas on this site. Like what percentages to estimate for repairs and cap expenditures etc. I have 1 business checking account and 1 savings account for my 4 family building. I keep the tenants de...
I'm looking for a template or sample of a private money loan agreement. I have already discussed the rate and the time frame...I was just wanting something official and professional to start with before I draw it up.
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Hello all, New to MTR. I have been burnt this month with my first set of travellingn professional tradesmen. They all left at the end of the month with no notice and did not pay rent. My husband seems to think it is f...