Chris Masons
Borrowing against E-trade Brokerage acct. and buying cash
[HI guys,
I have found another great 2 family that is an estate sale. I have a chance to pick up the property at a great price. This is an all brick 2 fam. in the heart of where all my others reside. It's really pict...
Gary Jordan
Inherited Tenant - Not Paying Security Deposit
Good Evening BP,I recently purchased a 4 unit multifamily that was fully leased. One of the apartments was recently (28days earlier) leased to a new tenant. The lease required an $1350 deposit. The tenant and la...
Bjorn Ahlblad
First and Last Month's Rent + Security Deposit Prior to Move-In?
I am surprised at how many LL seemingly do not collect First, Last and security deposit at move in. I thought everybody did? Security Deposit for us is equal to one month's rent. What's y'alls practice on this?Thanks ...
Elizaveta Dolzhenko
Potential tenant cannot pay deposit in full
Hi,
My husband and I are trying to rent out our first property and we came across a potential tenant who would like to pay deposit over the first two months - first half along with first months rent prior to ...
Amy Nguyen
Security deposit after purchase
I just purchased my first property which is a duplex. One side is vacant and the other side has a section 8 tenant. I have 2 issues, the security deposit and the rent payment for this month.1. I asked the listing agen...
August Faustino
Tenant ran into water supply main for building
Hi All,We got an email this morning from a tenant who ran into the water supply main for the building with his car last night. Water is off on the building now and we have called a plumber and arranged for it to be f...
Alan Bosca
Tenant signs lease but doesn't pay first month & security?
Hi -What is the best way to avoid the situation of having a signed lease and no payment before move in? Don't want to be stuck with a stall for weeks then non-payment.Does the act of signing make it a valid lease or ...
Makhwarand Khan
Questions on Collecting Rent in Massachusetts
Hello everybody,
I'm looking at real estate investing here in Massachusetts and I have questions for the rent payment and move-in costs. Is it legal to request a Deposit to Hold in Massachusetts? How do you collect t...
Tom T.
End Game Strategy
Hi all,Here is the scenario.61 years old. Will soon look at retiring. Probably collecting social security at 62, maybe 63.I have a rental property that is almost paid off (less than 10k away.)FMV: 280. Purchased in 2...
Kiersten Vogt
Inheriting Tenants | What happens with the security deposit
Hello all!I've already learned a valuable lesson in investing in small mutlfiamilies - including what happens to the security deposits in the initial offer.We close on a duplex next week and I was under the impression...