I received an application for a rental and everything looks fine, income, credit etc. the rent is $1600 and security deposit is a month and a half, the total to move in is $4000, however they only have in savings $290...
Me and my girl friend went to look at a property in Independence Mo. After we looked at it we asked if we could put in an application for it. The agent said yes, but we would have to put half of the deposit down also....
Hi all,
I signed a new tenant 2 months back and she brought a dog with her. My property is a pet friendly community but I do charge a monthly pet fee and pet deposit. Fast forward two months, she told me that her pet...
Hasn't happened to me yet (thank God) but got me to thinking - what can you do to avoid this? I'm assuming it's impossible to avoid & just the cost of doing business? Just chalk up to experience & move on?
Hi,Legally, are you required to have a separate bank account for security deposits? If your bank has a minimum balance is it alright to put personal money in the account when you don’t have security deposit money in t...
Hi Everyone,
Right now, I have my tenants' security deposits in separate savings account at an online bank. Is this how most people do it? If not, can you share where you keep the security deposits. Thank you in...
Hi BP! Once a tenant leaves and you have to get your property "fix-up" ready for a new tenant, what are you allowed to use the previous tenant's security deposit for?Are you legally allowed to use it to fix "wear &...
Hey BP!!I am curious on your thoughts. If you have a tenant applicant who is qualified in all aspects except they have bad credit due to medical, would you require first months rent AND 2X securit deposit or First, La...
How many of you ask for a damage deposit?How much is the right amount?When do you get it? With your monthly deposits? before? After?How many of you do a pre-inspection? Do you find it makes a difference?Cheers!
So a bit of a weird situation. I am about to close on a multi family property that currently just has 1 tenant in place. I just received the information on the tenant from the listing agent/property manager. In the...