Hi there,My name is Kristy and I am putting my townhome in Davie, Fl up for rent this month. I have never had rental property before. When you collect rent money, is it better to have a separate bank account specifica...
Hey Everyone, I am getting ready to close on my first deal Monday and have been reading about how to handle the tenants security deposits i will be receiving. Based on what I have found online it seems like deposits...
We have a husband and wife that have applied for one of our properties (both of them applied individually, as instructed). The wife meets the minimum requirements, but the husband does not meet the credit score requir...
Has anyone ever considered placing security deposits in the stock market? I'm talking about dividend paying stocks such as Google, Apple or Microsoft. It's an idea I've been playing with. My rental property is in Fort...
Closing on my second rental next week! And in setting up all the paperwork, I'm wondering what are the pros and cons of having one bank account for all properties vs. having separate bank accounts for each. The main ...
I had three roommates living together. One of them broke the lease and moved out a couple of months ago. He gave 12 days notice that he was moving out, with a voicemail. The lease states that he needed to give 60 days...
Hi NC,What specific banks do you use for your Renters deposits? I can't seem to find many banks that has a 'trust' product for landlords to keep their tenants deposit in. Thanks
This is a townhome in Middletown that I'll be renting out. Is asking for security deposit, plus 1st and last month rent up front asking too much? How do you set up your upfront cost requirements from your tenants? And...
Curious how you all have you accounts set up. Right now I have a rental account where the deposit is made from the renter, then every month i pay my mortgage payment from my general bills account manually. I would lik...
Hey, guys! In FL, we have laws around how security deposits are managed (FL Statute 83.49). My property in FL has a separate account, managed by the property management company just for this purpose. Is there an equiv...