Tommy R
Is it required to give a certain amount of earnest money per contract?
And if it's not required, what % of the time would you say that you do give an earnest money deposit?
Also, can I have a provision on my contract that says "If left blank, then no earnest money is due" or something t...
Mark Berge
Bank says I need a w-9 from my tenant for his security deposit
Hi All, my tenant is on his second year lease, pays on time and takes care of the property. He texts me when repairs are needed and I have the repairs made. The security deposit, $2625 is supposed to be put into a ban...
Chan K.
Purchase, P&S Deposit, Boston, MA
Hi BPer,During the purchase and offer phase, there are two deposits.- Deposit 1: During the "Contract to Offer", in which is usually $1,000- Deposit 2: During the "P&S Agreement" ??For deposi2t, is there a standar...
Jaime Franks
How to “re-market” a rental after you’ve turned down other renter
Good Morning! This is my first time posting in the forum. My husband and I are starting a real estate investment company in middle Georgia. We had a house, and we were hoping to get a section 8 renter into the home. W...
Andre House
Paying the Yearly Interest fee on Security Deposit.
Are there other options to charge a Move in and Move out fee versus charging a security deposit and then paying the interest fee on the deposit.
Alisha Weeks
California Short Sale-Agent wants deposit?
Hey all-
My husband and I are currently trying to buy our first home in Southern California. We found a short sale and put in an offer at asking price. The sellers accepted our offer. I'm assuming the offer is now on ...
Wilco Ravestijn
How do I handle the Security Deposit
I'm in Texas and I have 2 rentals. I have both houses leased but I don't have any specific place where I've saves the security deposits. What exactly is the legal protocol I need to be following with regards to the se...
Nati Hanuka
Deposits and Other Securities
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...
Kevin Greer
What are best practices for Rental Security Deposits?
All, In talking with various investors, I understand that in certain states security deposits must be maintained in cash, cannot be invested, and accounted for in a separate account. Thus this would tie up tens of th...
James Wachob
Damages That Exceed The Security Deposit
What does state law say about this?
Due to damages exceeding the security deposit all funds will be retained by Foundation Property Management, LLC. This does not exclude the resident from future obligations to pay t...