Matthieu Oliveira
What do landlords actually do with security deposits?
Hey all, I'm wondering what you all do when given a security deposit. Do you immediately put it in an escrow account or do you just keep it in your personal account? I've heard about landlords that pocket the deposit ...
Travis Rasmussen
Ways to verify Rental Income--buying a MultiUnit
Hi All!I am buying my first Multi-Unit, super excited. One thing I am trying to figure out though is how to properly verify all the tenants are actually...1. Paying2. Paying on timeWhat things should I be asking for f...
Michael Plaks
Beware: offshore tax preparation outsourcing
This discussion started today in a Facebook group for tax professionals. According to the thread, this risky practice is getting more and more common among some tax firms looking to cut costs.I realize that people hav...
Tzvi Nussbaum
Bonus Depreciation. Which items qualify?
I recently reviewed my taxes prepared by my CPA. I discussed with him the option of bonus depreciation. He asked for specific cost items. These included HVAC, roof, fire alarm and security system, cost of beds, furn...
Clinton Vaughn
Do you analyze local crime and security risks per property/area?
Curious to know how many investors dig into the overall security/crime risks of a property before purchasing. Is this part of your due diligence, do you have a general understanding of the area, or do you just wing it...
Jay Garrison
Getting tenants in the dead of winter
Hi,I have a 3/1 in a Chicago neighborhood that is "challenged", but is well located and the unit & building themselves are fine. I am offering a move in with neither move-in fees nor a security deposit, just a Tra...
Matt Faix
Should mandatory carpet cleaning come out of security deposit?
With your units that have carpet, do you charge the cost of professional cleaning back to the tenant from their security deposit? Or is that just standard turnover costs that you assume? Wasn't sure how to approach th...
Mike Hummer
what do you charge per hour , from the deposit, for cleaning and repair?
Tenants gave 30 day notice , went over by one day , didnt show up for the walk trough, " I know why now" the place was filthy, toilets were , "well you can imagine". They painted a bedroom dark blue almost black ,brok...
Mary K.
Ohio require interest on security deposits?
I need to return part of a security deposit on a tenant who lived in a rental in central Ohio for 3 years. The deposit was equal to one month's rent. Am I required to give him 3 years worth of interest on the security...
Alex Scotte
charging tenants for professional cleaners
I rented an apartment ages ago. When I finished my lease and left, the landlord deducted an amount for professional cleaners from the security deposit, although I did not leave the place excessively filthy. Now, I am ...