Nat C.
Who does the security deposit belong to?
When a property is sold with tenants, their security deposit is ordinarily transferred to the new owner. What happens if the tenants are behind in rent? Can the old landlord deduct it from the security deposit or do t...
Phillip M.
Owner Occupant
Great site, learned a lot by lurking here. I finally have a good question. I have been watching REOs in FL for the last 2 years. One short sale property that I have been watching finally was foreclosed by Freddie Mac...
Trey Leigh
Buy and Hold Investor becoming real estate agent
I was looking at possibly getting my real estate lisence. I have a full time job so it would have to be part time gig. I was wondering, as a buy and hold investor, would it be a positive or a negative to my real...
Kevin Allen
Converting a s-corp to a llc
Hello, I have a tax question. My old cpa had me set up in a s-Corp. my new CPA, along with everyone else I’ve talked to, seems to think that I should be set up in a llc. She recommended that I leave the two str’s i...
David Ade
Tenant has been quite
On 7th October, tenant responded to Property Manager they couldn’t pay rent due to job loss.PM asked for a documentation of being unemployed and tenant never responded . My PM filed for eviction , waiting on court app...
Kim Bayless
Best entity setup for a single investor?
I'm sure this has been asked many times. I have always previously done business using LLCs, but they were always partnerships with my husband at the time. Now single. I understand single-member LLC's do not offer t...
Christian Bors
Smart Move; not enough information for tenant recommendation?
I've used smart move several times now and have been very pleased. However, this last application has raised some eyebrows. Smart move came back with "not enough information to make a recommendation." They were not...
Terri Pour-Rastegar
Help with non-comforming use commercial daycare, Charlotte NC
Hello all. I have purchased a building in a residential neighborhood (R-5) in Charlotte NC, that was run as a commercial childcare facility for nearly a decade. Then those folks lost the property to foreclosure. Zo...
Ray J.
Tenant credit check without SSN
Hi All,
If I want to rent out a place to a young couple one of whom is working but the other is not working and has no SSN, how can I run credit on the one without SSN ? On top of that, what can I do to minimize the ...
Jason Davis
Sold at an auction then Chapter 7
Hello Everyone, A homeowner in pre-foreclosure reached out to me to sell his house and it's a situation i've never heard of before. Looking for some guidance if i should even pursue it:Situation: it went to preforclos...