Matt Daley
Do you charge a deposit when signing a lease?
First tenant turnover I am having at a property where I secured the tenant this far in advance. I feel like I should get some kind of deposit at the signing of the lease but understand I should not accept the First La...
Sterling Pompey
Infinite Banking what is it? Is it viable?
I was approached with this concept recently. From my understanding, it sounds like you take out a life insurance policy and take out loans against it to fund your deals. I haven't heard it discussed on any of the Podc...
Account Closed
Deposit requirement for a new lease
Hey guys, question regarding the hold deposit for a new lease. I'm requiring the first, last and security of 1 month for a new lease. I think that's pretty standard. One thing I don't know is, do people require yet...
Jacob Beran
How to deal with one tenant moving out and the other staying?
Hey everyone!I currently have two tenants in a unit who pay separate utilities and rent under the same lease. One tenant is moving out, while the other is staying.I have a few questions as the lease wraps up:- How do ...
Mike Oconnell
Would you rent to tenant in Chapter 13 if they pay for full year
Would you rent to a prospective tenant who is in Chapter 13 bankruptcy if they pay for full year up front?Thanks!
Jason Mills
Tenant not honoring lease, how do I go about getting payment?
Hello all, I had a college age tenant sign a 2 year lease 18 months in advance near a university that is almost exclusively rented by college kids. It’s a 4 bed house and she signed and paid the deposit in full thinki...
Mary Joe
am I allowed to accept a tenant who PREPAY several months in advance?
Hi AllI have a tenant who is self employed and she just started her business, since it is difficult to establish her income, she offers to prepay 3 month in advance for a 1 year lease. So she will put down 1st 3 mo...
Byal Thomas
I Think My Landlord Violated The Landlord Tenant Act?
My landlord charged us a security deposit of 1.5x rent + First and Last months rent (clearly this is more than. 1.5x rent) is this viable to sue? Or is this a loophole than landlords use to uneducated tenants? Thanks ...
Jalen Phillips
Understanding how a HELOC works
I'm trying to gather more information about how a HELOC works. My wife and I are about to move back to Louisville, and are looking to purchase more investment properties once we have our primary residence secured and ...
Christian Bors
Signing a lease a month in advance, what do you collect?
On Tuesday, I am having my newly accepted tenant sign a lease starting 10/1. Since the lease won't begin until October, what should I expect as far as collecting first month's and security deposit. We agreed to a 1....