Janine Mills
Prior signed lease deposits when tenant becomes month to month
PLEASE HELP CLARIFY THIS ISSUE WITH DEPOSITS...Here's the situation:Tenant came in 2/2017 with an annual lease, paying first, last and 1 month security. He was never sent another lease until 6/2018, which asked for a...
Diane Kruse
First, last month rent and deposit Denver
I am preparing to rent my first unit for $2000/month. To ask for first, last month rent, and security deposit of $2000 seems too much ($6000) for people renting a home. I was thinking first month and security. I kn...
Bryan Petrinec
QuickBooks and Security Deposit
I am looking for some guidance on managing security deposits, repairs, and return of the balance from a bookkeeping standpoint. This is the first time I am going through this and I want to make sure I am handling it ...
Luke Ostergaard
Medium Term Rental Payment and Leasing
Hey BP community!I am considering gearing my next unit towards travelling professionals and I have a couple of questions. 1. Are you all typically taking payment up front or on a month by month basis? I assume this wo...
Account Closed
Subject To - How an Actual Deal Worked - Including the Numbers
Subject To - How an Actual Deal Worked - Including the NumbersHere is how I did it: I was contacted by an investor who hadn’t done any deals successfully. She was a little afraid to make the jump on her own. She inves...
Dante Pirouz
Can I charge potential tenant w/judgments an extra monthly fee?
We normally do not approve applicants with any court records of evictions or judgments. I have a tenant who makes a good salary and qualifies except for history of past court judgments for non-payment. Can we charge h...
Abad Marroquin
Offer to purchase contract through onwer financing
Hi everyone. I need to submit an offer to purchase through seller financing. I have no clue how to start. I have used the offer to purchase contract for single houses from the Biggerpockets, but I am not sure if I ...
Brandon Sturgill
What Are the ACTUAL Steps in Structuring a Seller Financed Deal?
I have heard about 30 explanations of seller financing, but it seems that everyone's understanding or explanation leaves something to be desired...what are the actual steps?1) Negotiate the deal2) Negotiate Terms/Ente...
Sam DiNicola
Minimum Income & Credit Score for Prospective Tenants
Does everyone require prospective tenants have 3x the rent in monthly income / rent is no more than 30% of their monthly income? What is minimum credit score you look for in a B- neighborhood? For people with lower th...
Curtis Mears
Can I Loan Money to Father in Law under Dodd Frank Rules
I had asked this before, but did not have the supporting links, so I am asking again with reference. My father in Law would like to burrow money so he can buy a new house. I would provide a bridge loan secured by the ...