Michael Pilolla
Deposit Deduction Dispute
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 ...
Oren Peleg
Security Deposit Forfeiture?
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 ...
Josh LaRose
Rental Security Deposit
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...
Michael Junior
Wholesaler keeping deposit
I'll make this short..We were shown a property, our reno numbers came in around $160,000So we called the wholesaler and said were all set. They call us back and say hey we have a guy that can do it for $120,000 and we...
Bruce Lynn
Rhino Deposit Alternative
Anyone using Rhino in DFW area and like it or feel like you've added any better success?Any alternatives to this?How was the claims experience if you used this? That's what really counts.
Stephanie G.
Keeping security deposit
I moved from our rental in Feb. i rented for 7 years. I paid a $1400 deposit along with a $500 refundable pet deposit. Before leaving, I notified my landlord in writing that there was a door sticking, slow leaking...
Jenny Lian
Security Deposit Reconciliation
Hi Everyone,
I used MYND Property management for my rental, and I'm firing MYND because they did a horrible job managing my property. The tenant smoked weed, partied and trashed my place, the turn over cost is around...
Maugno M.
auction.com Earnest deposit
So ive been following a property on Auction.com. It didn't sell at courthouse and then it came on Auction.com for sale. I bidded up to the price I was willing to pay and I lost the bid. It went over like almost 5k and...
Jill Keller
Security Deposit Amount
How much do people typically charge for a security deposit? Is 2 months reasonable? I live in Indiana. I used to typically do 1 month but I've had tenants try and not pay the last month so i want to cover my grounds i...
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...