Alyssa Lake
What kind of terms would you expect for this kind of deal?
5.25mil-ish48 units83% occupancy for 2024. Rents are well below market value currently. I am new to this multifamily/commercial side of things. I was offered LTV of 54%, 6% rate from a commercial lending institution b...
Account Closed
Retaining deposit after terminating with cause
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...
Paul Stout
How Do you Determine Security Deposits
I am working through an analysis on a SFR and I am researching realtor.com and Craigslist to make an informed decision on what I can expect to get in rent. As I am getting closer to acquiring my first property and pl...
Stone Teran
Now they don't want the apartment
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...
Albert George
Small claims court hearing for unreturned sec deposit- Minnesota
I have a past tenant of mine, who filled a claim for unreturned security deposit. Below is the situationShe broke the lease before the 1 year term. She violated the lease by having pets and when i enquired she was not...
Ryan L Grinstead
Standards for your tenants. What are your minimums?
What are the minimum standards you set for tenants applying for your rental properties? Obviously following fare housing laws. For my area it is a lower income area. Not the best part of town.
Anna Maher
Deposit down to hold apt, now future tenant is getting demanding
We have recently had a potential tenant put down a deposit to hold a unit. After receiving the deposit, the future tenant has become demanding and unwilling to work with us on scheduling a lease signing. We think the...
Thomas Swindell
What money amount do you require tenants to put down at move in?
What requirements do you guys have for when the tenant moves in for the money to put down? For example do you request first months rent, last months rent, and a security deposit? What is the security deposit usually e...
Kevin L.
legal way to take 3 month deposit
In Virginia, the maximum deposit a landlord can take is two month rent. I have a lady recently went through a messy divorce with bad credit who is interested in my property. She told me upfront that she has bad credit...
Sally Alcala
Breaking Up with Property Manager Frustrations
After way too much frustration, I decided to switch property managers, but the process has been a nightmare. The old property management company said they needed 45 days to close out my account. They did send me the f...