Pablo Barrientos
Request security deposit
Hello BiggerPockets community. I recently bought my 2nd investment which includes a tenant. The lease received from the prior landlord states that the tenant did not give a security deposit, her lease is up for renewa...
Mario Ciccarelli
Security Deposits in Delaware
I've contacted two attorneys so far and I've yet to hear back so I figured I would post it here too. The Delaware landlord-tenant code states: "Each security deposit shall be placed by the landlord in an escrow bank a...
Matt Faix
Should mandatory carpet cleaning come out of security deposit?
With your units that have carpet, do you charge the cost of professional cleaning back to the tenant from their security deposit? Or is that just standard turnover costs that you assume? Wasn't sure how to approach th...
E.S. Burrell
Holding rental property with a deposit and promissory note
HelloI have an applicant who wants to move in early February. I required a deposit to hold the home. Does anyone have a promissory letter example or can help me with wording they’ve used to insure its non refundabl...
Nicole C.
Tenant struggling to pay rent on time
Hi All, Someone moved in to my first rental property. She is struggling to pay rent on time. its only the first month. I asked for the first and last rent and she is still short. Any advice on how to move forward? I h...
Michelle Bottorff
Newbie here. Question on timeline for signing lease.
Hello all. I am new here and we are buying our first rental property. I am absorbing all I can and taking notes on the whole application process but have hit a snag. The timeline from when notifying an applicant they ...
Mike H.
Return security deposit when a couple splits
In my many years of rental experience, this is the first time I have run into this situation. Hope to get some feed backs or experience sharing from you guys.Location: Dallas, Texas
I have initially leased the prope...
Lance Mundo
Non-refundable earnest money deposit
Working with a HML requiring a non-refundable earnest money deposit…
What due diligence do you perform before sending that deposit to minimize risk?
For me so far: my own research for rents, comps and rehab budget
...
Fernando Roman Romero
Prorate First month's rent
I have a tenant moving into my property by Friday. I require the first month's rent and deposit upfront, and rent is due at the first of the month. Considering it is only 10 days till the end of the month, can I still...
Chris Bounds
Is Offering Different Rent Options For Apartment Legal?
I know laws vary, but in general terms is it likely possible for me to offer different rent options to tenants for an apartment complex?
For instance:
Option 1: $100 deposit and $495/mo
Option 2: No deposit and $5...