Tom R.
Security deposit from multiple tenant
My tenant has asked for a roommate. The tenant has already paid a security deposit and a pet deposit. If I charge a security deposit of 1 months rent to the new tenant the total security deposit charged to both tenant...
Vlad B.
C-Level Property with Trouble Tenants but Great Returns, Next Steps?
This is a great community that is very helpful! To that point, do you stay with a C-Level property where the neighborhood has gone downhill per my property manager, or sell it and take the upside to buy more inventory...
Marek J.
After tax return question
High w2 earner and was wondering what would be savings i make on tax regarding rental income after all tax write off?for example I’d need to make 18 at work to equal 9k rental income.
So I calculated that with real...
Matt Pfefferlen
Buying Foreclosure (piecing together from BK filing)
I am a little confused on this, so i am wondering if anyone has seen this before. The notice of sale is out on a home I am interested in. From reading the BK filings, I am pretty sure there is only a first mortgage...
Nicholas Lohr
Investing security deposits as Berkshire Hathaway does with float
As far as I have read this is a state-by-state law so I am ONLY talking about California here. On line D of chapter 49.2 it states that, “Nothing in this Chapter shall preclude a landlord from exercising his or her di...
Rob Alentajo
Roommate Sec Deposit
How do you handle sec deposits in relation to roommates. I presume u divide the sec dep by the number of roommates, and each gets their own escrow account? Or do you put it one with all names on it?What do you do when...
Aaron P.
Analyze this deal, critque away!!
Table of ContentsThe Property 2Financial Overview 4Financial Statements 5Our Methods 9 MLS® Number: SK792508List Price - $299,900 This 4-plex was built in 1970. It boasts 3 2-bed...
Paul T.
Avoiding CA’s New Security Deposit Limitations (AB12)
Nothing herein is legal advice.
Effective July 1, 2024, California Civil Code section 1950.5 generally prohibits a landlord from collecting more than one month’s rent as security deposit, whether the rental is furn...
Nick Ruffini
Can I partner with an accredited investor?
I know that a lot (see: most) funds require investors to be accredited (which I'm not) but I have a close friend who is and we're both interested in investing in multi-family units. My question: Is he able to go out a...
Garvey Daniels
Being sued by tenant for security deposit
My wife and I are being sued in small claims court by our previous tenant for the return of their full security deposit plus travel costs for the tenant to appear in court. The renters left the house in complete disre...