Hi all. I've got a deal where my tenant is under contract to buy the property I am leasing to them. This is not a lease-to-own, the lease is one agreement and the purchase is a completely separate deal. It just happen...
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If you are selling a multi family property and say 5 tenants have a negative balance. Does this get washed at closing? I think it would be unfair to the buyer if the seller credits themselves the security deposit amou...
So I'm near closing for this duplex that I am planning on house hacking and will be inheriting tenants on the other side. My RE agent just informed me that he doesn't know if the seller will be providing the Security ...
I have a checkbook control Roth IRA in which I recently purchased a small single family home for long term rentals. For my non-IRA rentals I have a separate savings account to hold all the rental deposits since yo...
All,I need some guidance on how to account for the following in QuickBooks:I use a company to find and place tenants in my properties.They charge me ½ of the deposit fee.So here is the issue. I actually never write a ...
We were doing the walk-through with the tenant, and the guy had his dog defecating and pissing everywhere on the 3rd floor. The guy was trying to deny it (when we could see turds everywhere and puddle marks) and we go...
I've heard that landlords have to pay interest on a security deposit in some states. Is this true? Is there somewhere to find out which states this applies to?
I have tents pay $300 for pet deposit per pet and $25 add to rent per pet called pet rent. My question is what do you other landlords do?
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...