Where is the best place to house the tenant's deposits? I was thinking of using an online savings account?
I have a rental home. I have a mortgage, operating/checking account, and savings account all with the same bank. I have the tenant's security deposit segregated in the savings account, while rent, mortgage payment, an...
First let me say this is my first rental property. Tenant was there for 3.5 years and always paid on time (last possible day) but I got paid. They moved out almost 2 weeks ago. No keys were left for any doors and loc...
Hey all I️ have been reading these forums for a while. Really amazing info.
I️ am buying two rentals from another investor and he collected a security deposit three years ago when the tenant moved in. I am buying th...
Hello BP members. I have a question. I just recently purchased a duplex with a tenant in it. But I never received the security deposit from the previous owner. When I asked about it, the previous owner stated that it ...
So, not sure there is a problem but I want to be proactive here. The tenants in one of my properties will not be renewing their lease due a divorce. How would you handle the security deposit? Would you just return it ...
Hello! We are under contract on a four-plex which is fully occupied. The leases mention a security deposit by all tenants. However, on the tenant estoppel certificates, only one of the tenants mentioned that they have...
Over the weekend I heard third hand that, at least in Missouri, security deposits should be in a separate bank account than the main bank account. Supposedly it comes up if you're audited. I was told that you can use ...
Hi All, In my lease agreement with my tenant it reads: "Tenant herewith has paid to Landlord the security deposit stated above, receipt of which is acknowledged by landlord, as security for the faithful performance of...
We rented our 13 year old cabin to a tenant who put nail holes in the pine hardwood floors and also around wooden door frames and wooden baseboards. The lease addressed this and stipulated no modifications without au...