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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...
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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...
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Where do you put the tenants deposit? Is it OK to keep in the business account or does it have to be placed in a separate account from the business? Example: we have a business account at Chase with a checking and two...
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I have approved someone for an apartment. They are planning to move in December 1st. I wanted to get together with them tomorrow or Saturday to sign the lease and collect first month's rent and security deposit - $1...
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Tennant of 2 years did final walk-through with landlord in person, noted various issues like fridge/oven/microwave cleaning & one missing garage key. Some burnt out light bulbs, dirty unchanged air filter, dust/ha...
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Hi BP Family I hope everyone is out there safe and taking care of others the best they can! So I have potential tenants that passed all qualifications and seem to be great people. They want to move in middle of month ...
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WA state requires the security deposit account separate from your other bank accounts. As a new rental property owner, I'll create a new account for security deposit. Wondering though if I can use the same account to ...
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I am returning a deposit to hold the property because the prospective tenant doesn't meet my qualifications. What should I include as far as a letter goes? Should I give them the reasons for denial? Should I mai...
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How do you handle this situation?The prospective tenant applies, says they want the apartment, pays the deposit and says they will be back in a few days with the rent and will move in. We don't yet sign the lease. A...
Rented to a man with one dog. After it turned into man, woman, 5 dogs, 3 cats, and rent paid apx 30 days late every month, I served a 10 day notice under the basis of terminating with cause. They did leave within 10 d...