So much required for security deposits, it is a bit of headache for something that doesn't generate revenue.Depending on State you might need to deal with:Separate bank accountInterest PayableReturn on timeSend all in...
Hi BPers! I'm set to close on a 9-unit building in Chicago in the beginning of next week. Everything is as smooth as can be for an off-market estate sale (judge involved), however there is definitely a point of concer...
I have a tricky situation regarding my tenant's security deposit.The situation is such that:- My tenants signed the lease in their name- My tenants employer agreed to pay for everything (1st & last month's rent an...
What do you do if you inherit a month-to-month tenant with no security deposit? She has been there for three years and is never late on payments so I prefer not to give her notice.
I was thinking I would offer her a y...
After receiving payments in cash, check, Venmo, Paypal, and Cash App in the last year, I think it's time to look for an ACH collection service. I've been seeing constant ads for Baselane, which I'm guessing is newer b...
For the first time, I have found an investor willing to help fund my next deal. I am so excited! However, I have no idea how to properly borrow these funds, and I want it to work out great for both parties.
Here is ...
Hello BP Family! My name is Ronald and I'm going to jump right into it. I'm currently looking to secure a joint loan with myself, my mother and fiance for a property in Houston, Tx. A little about our situation: I...
Good afternoon and thanks for reading,I have the opportunity to purchase my neighbor’s house (4 bed/4bath/2 kitchens on 3.28 acres of timberland adjacent to prime BLM hunting grounds) in Walton, OR (about 40 miles out...
We have a tenants that does not want to pay for their unauthorized pet. Send them a notice to cure within this week or they may end up with eviction. I was debating would it be better to evict after the 1 of May when...
Hi BP forums, We have a house that we are renting as an MTR. Going well so far and I'm honing in our processes. We do collect a security deposit and a cleaning fee. Unless something is trashed or missing I am assuming...