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Ok so several months ago, I took in a deposit from a couple and they gave me a bogus story to as why they couldn't move in, I told them that it was customary for the deposit to be forfeited if you refuse to move in...
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I'm studying for my license and ran into this paragraph on the study materials
"The landlord must return security deposits within 45 days of lease termination; on security deposits of $50 or more, the landlord must a...
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How do you handle security deposits? I know that they are placed in a seperate account, but I am wondering how to account for non-refundable pet fees? Can I treat this as income and move it to my day-to-day checking...
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My tenants provided me sercurity deposit and first / last month rent at lease signing.As I understand that Florida law require that security deposit to be held in separate bank account. But I'm not quite sure if last ...
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Hi...if a landlord forgets to provide a security deposit receipt at the start of a lease is it OK to provide one several months into the lease?
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How does it work to have tenants deposit directly into your bank account? Do you just give them your account number? Isn't that dangerous? I've never heard of this and would like to understand the mechanics.
TIA
Trina
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I have to use the entire security deposit to cover lost rent. The invoice for rent is created. If I just issue a credit memo how do I DR the balance in the tenant security deposit? I don"t want to create an "item" ...
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Hi all,I am a newbie landlord that needs some help. A young couple screened successfully and I am interested in moving forward with the process with them. They'll only be able to move in on March 24. My questions:1. S...
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Hi all,I am from Massachusetts, and in this state landlords need to hold their security deposits in interest accruing accounts - Does anybody know any good online banks that provide this service? Or should I look into...
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Hey guys,A couple days ago I got a house under contract. I am the seller. The buyer said they will deposit the earnest money the next day. It has been 2 days and the buyer is not responding. The contract reads, "I...