Hi all,This is a strange situation that I'm hoping someone can give me a sanity check on:I purchased a home last year from a well-known company in Chicago that was forced to close earlier this year. The home was occup...

So, right now, I'm requiring that the tenant have 3x the rental as their income. I've also heard it said that you should require 35 times or 40 times the monthly rent as their yearly income (which is a bit more strict...

Hi everyone,

In the second half of the year I plan on finishing up my DIY rehab on my duplex that I closed on back in December. I’m starting to think of my next move and would like to try to tackle a 5-10 unit build...

I recently closed on a property where I inherited tenants and my lawyer is very adamant that I return all the security deposit to the tenants asap.  His reasoning is that there are too many esoteric rules about the de...

Hi, BPersI have a question on purchasing a Quad using my 1031 exchange account and wonder whether I could get some inputs from you all!I just sold two properties and put the proceeds in 1031 exchange accounts. The dea...

Hello BP!  Thanks for taking the time!      We are just doing the beginning stages of setting up the rental portion of our business.  How does everyone out there set up their accounts?  This portion of our business wi...

My wife and I are about to close on first investment property and want to find a bank specifically to manage our rental income and security deposit. Considering a a local credit union or trying to open an additional a...

How much is everyone from nwi charging for security deposits. What’s the round about average for our area. What are the common fees everyone puts on there leases.

Hey everyone! I own a couple residential rental properties with long term tenants. I’m interested in trying Airbnb out and would love a vacation rental but don’t know where to start. Does anyone on here recommend a bo...

For those who have filed this form, and I'm sure it's many of you, how is it filled out legally and thoroughly in situations where the security deposit does not cover the damages owed? Being that the form is strictly ...