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I'm in the process of renting my STR out for month to month during the winter season. Prospective tenant has already presented some.red flags but I said we can be more lenient bc it's short term. To protect my interes...
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Good morning, looking for advice on how to hand the following situation:We're currently residing in a single family house that we'd like to rent. I was pre-approved for a conventional mortgage and found a 2-unit hous...
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We are working on getting our 4th loan with a bank that we have used for financing some of our multi-family properties. They are now making a condition of the loan that we move all our personal accounts to their bank...
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Hi folksI have made a mistake of allowing a voucher-assisted tenant to move in when she did not have the full amount of security deposit during Lease signing. Had her sign an impromptu agreement I drafted myself, whic...
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I'm about to purchase my first deal, a multifamily quad. There are a couple tenants living there now which means I will be receiving their deposit money. My question is, do I need to keep that deposit money in a tru...
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This is a townhome in Middletown that I'll be renting out. Is asking for security deposit, plus 1st and last month rent up front asking too much? How do you set up your upfront cost requirements from your tenants? And...
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Hello!
I recently found a house being leased that I applied and got approved for. The house is managed by a property management company representing the landlord.
Th...
Hello,So I rented one of my room in my 3 bed 2 bath condo to a guy on a month to month lease in IL.According to the law he should have given 30 days notice before vacating the property. He vacated the property on 1 Ju...
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Hi all!I'm working on closing a deal and there's two big things I need to handle!1) The previous owner didn't collect security deposits from tenants that will be staying and signing a lease with me.2) The previous own...
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My selected tenant backed out. Does anybody charge a holding money from a selected tenant to keep if they back out? Something like earnest money when your bid is accepted?'.