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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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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...
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Hello Chicago Landlords, I just read this today! This is great to know, as most of attorneys have always told me that the security deposit cannot be used towards the last month rent, even when the tenant did not pay h...
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First, last and deposit - is this asking too much at once?
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Let me preface this by stating that I usually require the deposit (non-refundable) upon lease signing and 1st months rent prior to move-in. Not really looking to get into that discussion.An idea popped into my head th...
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I have a unit I am trying to lease. This unit lease start date is in November and I have interested parties who are interested in renting it in November. I am deciding to finalize one of them and are using the standa...
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I'm taking over a building and leaving the tenants in the space. They are all long term tenants (newest is 2 years). The leases are now month to month. They said they have not given any security deposits or similar...
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A good client of mine asked me to manage his small commercial retail strip. I haven't had a property to manage like this before so my main question is how is the rental income handled? Does the tenant pay my compan...
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Hello all, just closed on a tri and lo and behold had a move out before I could collect my first month from him. He did tell me he would be out before the first, and he was. No forward address. How long before he forf...
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Hey all,Looking for all input. I recently had a turnover where one tenant left & a new one signed on. The tenant (TT) that left had three dogs. They were the first tenant to live in the property since I bought it ...