My 1st property I purchased has been rented to Section 8 tenants, thus making rent collections easy. However, my new 2-Family is going to be Cash tenants (No S8) which means I have to collect. Which is an easier, fast...
Hello all:When a security deposit is received on a new long-term rental lease, I categorize that in my accounting system as "deposit", separate from rent. It isn't income, doesn't show as a gain, etc. When that same t...
Hello everyone,For someone who starting his REI journey I would like to hear from other what are the common securities you are requesting from new tenants upon signing on a lease?Do you request first and last month re...
Had tenants who were an unmarried couple. Together on lease. One moved out 5 mo ago. One remained and has kept up with rent.Lease is up Nov 1. Offered the remaining tenant a new, 4 mo lease as his income and credit ...
I have a rental propert located in Nj. and I am in the eviction process with a tenant. I do not have their security deposit in a separate account and they just sent me a letter a few days before the court hearing tell...
Does anyone know a reputable lender that can be used for earnest deposit funds as well as transactional funding?
I want to be sure I'm doing this correctly for a rental property in Gilbert Az
Rent is 1450 a month / prorated for the date of move in.
We have a $25 dollar application fee for each tenant over 18 for credit/backgro...
Any guidance on local (KC) or federal banks? This will be for 2 accounts: first is joint-investment account for my partner in I to deposit funds that will go towards investment equity for properties. Thinking this cou...
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