Do you charge first month, last month, plus 1 month rent as security deposit? Or do you just charge first month rent and one month rent as security deposit? Pros and cons? Thank you
I own a 10 unit building which has 3 separate entrances/common areas with have mailboxes, stairwell, etc. Two entrances have 4 units each and the 3rd entrance is for the 2 smaller apartments. It's also on a somewhat...
I own 5 units. 1.Do I need to keep each individual security deposit in a separate checking account?2.3 of the units are in a 3 flat. Can I keep those together in one checking account?"Intermingling funds" makes this c...
Has anyone seen this? A 2nd lien is stripped and the Chapter 13 is dismissed for failure to pay, and a week later, filed a Chapter 7 that was discharged. Would the stripping be void by the dismissal of the 13?
Nothing herein is legal advice.
Effective July 1, 2024, California Civil Code section 1950.5 generally prohibits a landlord from collecting more than one month’s rent as security deposit, whether the rental is furn...
So...my tenant has faithfully paid the rent and utilities. The lease is up April 1st, and the tenant asked to extend until May 1st. I had no problem with this. Background is that this tenant has always asked to have...
Hi - we will be getting our first guests in a couple days. We are using SmartBnb for automated messaging and an electronic deadbolt for access. We also have a mechanical lock box should the electronic deadbolt fail fo...
Hi BP! Once a tenant leaves and you have to get your property "fix-up" ready for a new tenant, what are you allowed to use the previous tenant's security deposit for?Are you legally allowed to use it to fix "wear &...
Hey BP community! I have the chance to buy a fire damage house at a good price through a wholesaler. In my due diligence, I contacted the city code office to make sure there are no deal breakers- there might be. Th...
Tenant moved out Sep 30, with 5 months remaining on lease. He didn't pay Oct rent. I don't have a new renter lined up yet. His SD will cover Oct rent (and damages) and partial coverage for Nov if I don't have a new ...