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...
Omar Jimenez
Security deposit or Move in fee?
Wondering what’s better Security Deposit or Move in fee? I’ve heard security deposits you need to make a bank account for every single tenant you require a deposit from. Is this true?
John Stepahn
New Home Sale Cancellation
Hello everyone, I’ve got a quick question that may apply to many of you here. We were getting a new home built and after 8 months the builder cancelled our contract due to “disputes in quality”. Our original contract ...
Stephanie C.
Renting to someone who previously used section 8 vouchers?
I am managing my family's rental property and have been receiving applications for about two weeks. We have rental criteria that applies to every applicant, and so far only one has come close to meeting all of the cri...
Barshay Graves
Buying home with tenants already in it
How does the procedure for the security deposit work since the landlords will be changing and I still want protection?
Brook Burns
Tenant Security Deposit Escrow Account
It is my understanding that in Pennsylvania an escrow account is required for tenant security deposits. Does anyone have experience with banks that offer these without fees? I had hoped to set this up with PNC since I...
Seth Wilcock
Double Deposit As Compensating Factor?
Hi Everyone, First time (soon-to-be) landlord here. On many of the rental applications I have seen (including the bigger pockets application) I've seen verbiage that states "Compensating Factors can include additional...
Priyanka K.
Texas Terminating Contract within 3 Days-Earnest Deposit Needed?
Hello fellow REIs,I have a quick question on Earnest money check deposit on a property in Texas. Per TREC contract, Earnest check has to be deposited within 3 (business) days. My question is - if the contract is termi...
Nicole A.
Going-to-court threats over a security deposit (A Story)
Happy Friday! Story time!I had some month-to-month tenants in one of my units that gave their notice to vacate via text. The text, dated 06 Jan 2017, said:"Hi, just letting you know that this month will be the last mo...
Nipa S.
Inheriting tenants without security deposits
Hi all, I’m a brand new BP pro and am excited to be closing on a triplex in a few days. I am in DD and will be inheriting tenants for the first time. I found out that the seller did not require the tenants to pay a se...