Curious how some of you with lots of doors handle multiple security deposits? I have been using Capital One Bank 360 (which allows you to have up to 30+ accounts) and creating a separate account for each apartment's d...
Hi, I'm a new landlord renting out my townhouse and I've just provided my first tenants with their accounting of the security deposit. The tenants are upset because of the amount I've withheld. Here are the basic fa...
I was reading an article and found this law for handling Ohio security deposits:OH "Any security deposit in excess of fifty dollars or one month’s periodic rent, whichever is greater, must bear interest on the excess ...
Hi All,Have a few questions regarding the collection of security deposits. In the commonwealth of MA, I understand there are strict regulations around security deposits including:1. Having a Tenant-Landlord Checklist...
Hello all,
I have a tenant of about 4 years moving out of a single family home next week that has quite a bit of issues. The home was perfect upon move in, now it appears all carpet will need replaced, all walls pain...
I purchased my first 4-plex earlier this year. The building was fully rented and three of the tenants are long term renters and smokers. One of those tenants has decided to move out and just recently gave notice that ...
The rental I purchased last week had fairly significant security deposits in place, a portion of which was labeled as "non-refundable".
Am I correct to assume that's essentially income?
If so, from a tax perspective...
I’m managing a rental property for an out of state landlord. I need to open a tenant security account. The bank is not making it easy. Can the account be opened with a property manager name and tenant? Instead of land...
I wasn't exactly sure where to post this but since it is for a MFP, I figured I would start here.I am giving consideration to installing cameras on the exterior of the property to monitor the front door, side entrance...
As a SFH Property Management company, we have adopted a No Security Deposit option called our Preferred Tenant Program. We subscribe to a service called Obligo. In this method, we use Obligo and their Billing Authori...