Mel Selvidge
Bars or No Bars on Windows?
I always think a house or block seems safer when I don't see caged windows and burly fencing everywhere. Personally, I have never wanted to live like I was "in the embassy" even when I lived in a high crime area like...
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...
Tim Small
Innago - Rental Payment Security?
I am converting my properties from collecting paper checks to ACH transfers via PM Software - Innago. The only problem is, my tenants are old and are afraid of "giving a third party their banking info" Innago ensured ...
Jessica Young
Ex tenants from Florida condo refuse to give forwarding address, traveling overseas
I have no way to give the notice to these tenants that I'm withholding a small portion of their deposit. They broke the lease early (happy clause), and the FL statute says under that condition "Failure to give such no...
Jesse Danzig
ok to have prop mgr hold security deposit and leases?
i'm interviewing property management companies and have run across some instances where:the leases will be between the property manager and the tenant (rather than between the owner and the tenant), andthe property ma...
Steve DellaPelle
First/Last/Security - What to Charge?
Hello,I am reading into what is allowed by the State of Massachusetts for charges such as first/last/security...I understand that:1. I can collect a security deposit = to rent2. This security deposit needs to be place...
Grant Shipman
Syndicators & Capital Raisers: Avoid SEC Trouble!!
Hey BiggerPockets Community,
If you’re raising capital for real estate syndications, you need to be aware of SEC regulations—because one wrong move could put you in serious legal trouble.Many new syndicators think th...
Stacy Brown
Deposit return in AL
I have a question about returning a deposit. We had a 12 mos lease in the state of Alabama and a tenant left early. They did however continue to pay until it was rerented. Which was 11 days after their last day. They ...
Bennet Sebastian
Do I need a PPM for this deal?
I’m buying a small office property and will be raising $200k from 4-5 accredited investors that I have an existing relationship with. Do I need a PPM or can I just use an LLC operating agreement with a joinder for eac...
Jason Tassinari
Options for protecting your investment during rehab process
Hey group, I wanted to reach out to you all and get some of your ideas on the best practices for protecting your investment during the rehab process.I am looking at a property in a lets call it a “D” neighborhood. The...