Hi Guys,
I have a question about a security deposit. A tenant whose lease is almost up owes a small additional amount of rent (a lesser amount than the security deposit) for part of his last month. Does the s...
I have no way to give the notice to these tenants that I'm withholding a small portion of their deposit. They broke the lease early (happy clause), and the FL statute says under that condition "Failure to give such no...
I have been reading a bunch of different things online, and i feel like i'm getting mixed answers. Do you have to hold the renters deposit in a non interest account in cleveland ohio? I know we do in CA. and if so, i'...
Hello BP!
I just closed on a 2-unit property in Niles, IL where I will house-hack by living in one unit and renting out the other. I also plan to airbnb my spare rooms for extra income. Before acquiring this propert...
Do you require full security deposit for small office space?
We have about 8000 sq ft of office divided into 6 units with units ranging from 700 sq/ft to 2000 sq/ft.
The space we have is completely remodeled and mov...
I have been looking at investment properties and learning a lot about investing but I am a little confused about who pays for the increases in the safety deposit.In a lease renewal, the rent will usually increase and ...
For those landlords who take security deposits in City of Chicago, is a separate business bank account sufficient for the security deposit or do I still need to set up the special landlord account that requires all W-...
We are inheriting tenants in four of the units in our next purchase. I know that we must uphold their leases as long as they are valid. My question is what ability we have to enforce certain “policies” such as requi...
Is charging first months rent, last months rent, and security deposit overkill? I have screened tenants that have a 650+ credit score but am deciding whether or not just first months rent, and security deposit is acce...
I set up two business checking accounts for my LLC--one for the rents,etc. for the property that will be held by that LLC, and the other for just the security deposit for that property, as my state's law requires. (la...