Hey everybody! I have a cabin near Pigeon Forge under contract and am hoping to get some insights regarding security deposits for short term rentals. What do you typically hold for security deposit? I am using Your Po...
I am helping my dad find tenants for his 3 vacant units in his building in Baltimore. I have 1 potential tenant that is very interested in one of the units and we approved her for a 6 month lease ( no other interest i...
Hello BP,
I had a problem tenant who always paid late and whom I had to evict. In the lease it says she is responsible for any lawyer fees in the case I have to sue or evict her. I did take out the 550.00 to evict her...
Seller verbally agrees to sell their property at a agreed upon price but changes their mind, no docs signed to confirm verbal agreement, can I legally record a notice of interest on this property to protect my interes...
This would be our first property. Am I doing these numbers right?
Owner will sell for 215K.
Gross rents = 2600
Expenses and NOI = 1300 (50% rule)
P&I = 1121 @ 4.75% 30 years
If financed 100%, we'd have 179 cash ...
I'm asking $995 first month's rent, + $795 security deposit, so total about $1800 to move in. I don't know if most tenants have this much cash available at once, and if I'm being reasonable (I did already make the dep...
I have a family of 4 wanting to look at a 650 ft 3rd floor unit with two 7"x10" bedrooms. I think it's too small for 4 and I don't want to burden the 2nd floor tenant with the noise. Do I have a risk just telling them...
What risks should I be considering, from a legal standpoint, about changing my mind about offering a lease? I doubt any discrimination laws apply... and how would you let them know you no longer want to offer them a l...
These last few days of a contract are driving me crazy. After finding out about subletting, a thrashed back yard, domestic violence, broken doors, smashed windows, smoking, melted vinyl on the new kitchen floor, a le...
We are having some trouble filling our vacancies here in November and it’s not from lack of interest, it’s from lack of money for the deposit. We are getting a lot of questions and showing request from our marketing i...