I've posted a few articles below which outline the new and most restrictive ("progressive") rental laws in the country, which limit the size of security deposits, non-refundable deposits, and requires giving tenants a...
Hello everyone,For someone who starting his REI journey I would like to hear from other what are the common securities you are requesting from new tenants upon signing on a lease?Do you request first and last month re...
Quick question about security deposits in Southern California. When rent is about $2200 -$2400 do you still ask for 1 month’s rent for security deposit? So if their lease begins March 1st do they need to provide let’s...
Hi!
I am a landlord located in the DMV (District of Columbia, Maryland, Virginia) area. I have been in the landlord business since 2011 and began using Quickbooks around 2018 for securing rent payments and book keepi...
Hello BP,An owner of multiple units reached out to me and was interested in my property management company. One of his questions was the transition of the properties from his current PMC to mine. From everyone’s exper...
Unfortunately I did not provide a receipt for the security deposit I received from my tenants 3 years ago in the City of Chicago. I also did not provide a yearly interest payment as required. My question is: if I re...
Long story short my mother has worked as a hair dresser for 36 yrs and its time to retire. Social security is a joke but we have one card to play. Based in NY her primary residence of 40 years has appreciated exponent...
I’m close to reaching 10k saved up I was thinking of paying off some debt and get my credit to at least 750 its at 720 now. After my credit goes up I wanted to apply for a line of credit and use it towards a down paym...
I have more time than money. I want to find deals and make them available to investors.
Question 1: Do I need to secure the property?
Question 2: If so, how do I do so without pumping down a hefty down payment? Or ...
Hello BP Community,You all have come through for me in the past, so I'm hoping you can help me out again. Two questions... Does current land lord tenant law prohibit me from asking for first, last ad security?Also, do...