Karen W.
Tenant moved out early
Hi everyone, I'm in a situation I'm not sure how to handle. If anyone has any insight, any advice would be appreciated. My renter suddenly needed to move out because of family reasons with 1 week notice and very earl...
Tom R.
What if the damage is more than the security deposit?
Just a what if scenario. I'm trying to learn as much as I can before I have these problems. What if the damage is more than the security deposit?
Stephanie Huynh
Question about security deposit when transferring owners
Hello! I recently closed on a home in Ohio and the previous owner said he never received the security deposit from the owner before him. The lease says that there was a 750 security deposit. Will I end up just having ...
Dean Suzuki
Security Deposit: What if seller doesn't have the tenant's security deposit?
Hi,
I am negotiating on the purchase of a four-plex in Arizona. The seller just countered my purchase offer stating that they don't have any of the security deposits for the tenants in the four-plex.
...
Thor Camargo
Assessing damages to floor against security deposit
Had some tenants that used a plastic carpet protector on wood laminate floors. The plastic had spikes on the bottom to keep it from sliding, and those spikes ended up digging divets into the laminate floors.I assume t...
Michael Slockers
How to financially account for a lost security deposit
Hello all:When a security deposit is received on a new long-term rental lease, I categorize that in my accounting system as "deposit", separate from rent. It isn't income, doesn't show as a gain, etc. When that same t...
Bruce Scannell
Apartment Security System
Hi everyone,We own a couple small apartment properties that don’t currently have onsite management and with that don’t have the need for us to have telephone and internet service. Due to some recent theft at one of th...
Dan Smith
How to structure this company?
Good morning everyone,I have been investing in real estate for years but have recently come to the thought that I'd like to set up a company that would act as a small REIT. However, I know there are tremendous legal l...
Cameron Riley
Do you put security deposit into private escrow account?
- Just found out, tenants are eligible to receive interest on their security deposit ( most likely a few bucks, if that lol ) but they can make a whole case out of it - PA law states, must hold security deposit, in es...
Richard S.
Automate my 4-plex: Poke holes in my plan? Other suggestions?
I own and self-manage a 4-plex in a neighborhood about 30 minutes from my house, 5 minutes from my place of employment. I plan to purchase an internet plan for the site and install a mesh wireless router system to boo...