Should We stick the security deposit in a business savings for the property or a trust? Tia

I’m in Pennsylvania. My prior tenant is threatening to take me to small claims court over my retaining part of his security deposit. I have a couple questions. Is a text message considered written notice?Do I need to ...

How do I deposit my earnest money?

7 days ago we had to send a Notice to Pay or Quit. Tenants have till Friday, August 18 to pay two months rent or be evicted with a move out date of September 16. My question is...if they are being evicted are we requi...

Hey Guys,I have ran into a bit of a situation, I am under contract for purchasing to REO Foreclosures from Fannie Mae. One home I purchased for $230,400 + Closing cost and redfin values the home at $400k and the other...

Hello Everyone, Question: How do you determine how much Ernest Money(If Any), should you leave for a Deposit?  I was close to getting a property under contract but the seller wanted me to deposit $500.00 dollars. He w...

Hello guys, I have a property in Georgia, Gwinnett County. I rented to this family for 2 years. The lease ended June 30. When the lease started 2 years ago, the house was not in the most ideal condition. The carpets w...

Hi BiggerPockets Peeps,I recently sent my previous tenant his deposit back after deducting a substantial amount for damage, repairs, and an excessive amount of cleaning the house needed. I sent the check on 8/25/2022 ...

My tenants are currently delinquent on one month's rent. We have begun eviction proceedings. My question, however, is: Does the tenants' breaking of the lease forfeit the 2 months of security deposit? As in, does the ...

Hey BP - I am getting ready to close on my first property, it is a 4 unit and is fully occupied. I am wondering how to go about dealing with the current tenants security deposits. When purchasing a property with tenan...