Silvia B.
Holding fee questions
For those of you that accept a holding fee, what is the maximum length of time that you will hold a property for rent?
Jon S.
How do I Acct for dep after tenant breaks lease?
Background: Tenant broke 1 year lease, which would have ended Dec 9th. She had some late fees accruing and didn't pay October 10th rent, and let me know Oct 12 by text that she was breaking the lease but wanted to sta...
Cameron Foster
How much do I charge for a deposit to hold?
Hello All,I am currently in the process of renting out my unit in Derry, New Hampshire for the first time and noticed in The Book on Managing Rental Properties that it recommends taking a deposit to hold the unit afte...
Aditya Hejib
Lease Renewal and Difference in security deposit
Hi,I have a question specific to Massachusetts law. I just renewed lease for my tenants and with increased rent, I asked them for difference in security deposit. Per Massachusetts law landlords are allowed to take 1 m...
Pearline Hardy
Rent Collections
Does anyone have their tenants deposit their rent directly at the bank? I usually either pick up the rent from their mailbox or they use the online payment service. Well I have tenant who doesn't have a bank account ...
Rolando Frias
not sure how much of a deposit to ask for on a rental property
We are in the process of putting our sfh up for rent and are stuck on what payments to ask for upfront. In the past we already had a tenant tell us to keep the deposit as the last month rent and then left us a mess an...
Ruth Bayang
Contractor deposit ??
How much of a deposit/percentage is "customary" to give a contractor to rehab a house?Or do you not give deposits at all? I have a Scope of Work, a Contractor Agreement with spelled out draws and project end date with...
Tim Matthews
Damage protection coverage for midterm rentals
Is there a third-party company that offers Damage Protection coverage for midterm rentals? Specifically for 2-6 month stays. Searching on the internet mainly results in regular landlord insurance. Since a mid-term sta...
Bienes Raices
What do I do now with the security deposit?
I had three roommates living together. One of them broke the lease and moved out a couple of months ago. He gave 12 days notice that he was moving out, with a voicemail. The lease states that he needed to give 60 days...
Bin Chen
Tenant turnover process
Hi all,I have been a landlord for several years but I always have a hard time when it comes to tenants moving out and new tenants moving in. It always seems to be a huge ordeal every time. So I am going to describe th...