How do people handle deposits when a tenant leave behind a dirty unit when they move out? Do you withhold anything for cleaning, or just figure it's part of turnover? If you do withhold some of the deposit, how do you...

Quick question for the tax professionals :)

From the collected rent on my duplex (June), I've allowed the property manager to hold $500 as reserves for future expenses/improvements etc.

Hypothetically (because I'm ...

Hello BiggerPockets community,

I'm having some confusion with standard practice for 'First, last, deposit' collection in the scenario that the first month will be prorated.
Say for instance: My property has a rent...

Question for those landlords operating in Maryland. I understand that the Maryland Security Deposit Law requires landlords who collect security deposits to deposit the funds collected, within 30 days of receipt, into...

In Chicago, the local government feels that if you are a landlord, you must therefore be smart, intelligent and RICH beyond belief. Whereas a Tenant must be a mental midget incapable of thinking or having a thought...

Hi BP, if you inherited a tenant & their lease was up & you gave them an option to renew but at current market rents, would you increase their security deposit to reflect the new market rent or keep the securi...

Hi everyone

I decided to rent a house to a section 8 tenant. Long story short, section 8 misquoted the total rent rate they would pay and the tenant portion. They told me to allow the tenant to move in, I did (bad m...

I am returning a deposit to hold the property because the prospective tenant doesn't meet my qualifications. What should I include as far as a letter goes? Should I give them the reasons for denial? Should I mai...

Seeking an experienced, licensed, motivated, detail oriented property manager in the St Louis, MO area to manage rental property.

Hello all, just closed on a tri and lo and behold had a move out before I could collect my first month from him. He did tell me he would be out before the first, and he was. No forward address. How long before he forf...