Harvey Yergin IV
Acquired property with existing tenant - security deposit?
Good morning BP!Background:I recently bought a property with an existing tenant. I received the tenant's security deposit at closing. However, I did not receive and the tenant does not have any paperwork showing the c...
Shane Moss
Security Deposit & Pet Deposit - Can one supplement the other?
Scenario 1: The wood floors need to be refinished because dog urine has ruined them and the pet deposit doesn't completely cover the damage. Can part of the security deposit be used to cover the rest?
Scenario 2: ...
Heather Schmidtknecht
Can I put parents on the lease?
I had a young expecting couple view a SFR of mine yesterday. They both have jobs that have been or could be affected by Covid, as they are just at the income level that is 3x the rent amount while working... so I’m a...
Brittany Wallace
First time homebuyer
Ok so when we had our inspection we knew that the breaker box was going to fail. It was rusted had open spots in the panel and moisture damage was present the main wire had what appears to be burn damage on it coming ...
John Davis
Damaged New Cabinets
Hello all! I've been lurking here a while, and I finally need some feed back.I am currently in the final leg of a 2 family rehab, (203k) where I will living in one unit. Cabinets (Aristokraft) were delivered this ...
Erika G.
Tenants have decided to call it quits, HELP
I have the following situation and need some urgent advice.
1. One year leased signed from June 2017-May 2018 with husband and wife on the lease.
2. Have on deposit last month's and security deposit both equivalent ...
Matt Harris
Asset based portfoilio lender for refinance
Hey everyone looking to see if someone know or does funding options looking to possibly refinance a hard money loan of $105k across 10 properties, 12 units all rented in rochester ny. Paying 12% interest all on time a...
Jeremy Torres
Negotiation after inspection
I’m in the middle of buying my first Singe family home in Texas. I got it at $82k (listed at $84,900) , but the home inspection came back with several deficiencies. For example all windows don’t open (all windows ha...
Chris Colvard
Short Sale Nightmare
My friends daughter came to me with the following story asking for help.
Seller is approved for Citi short sale. Listing agent finds buyer who submits offer.
Buyer wants to lease prior to completion of approval by ...
Alexander F Pollock
Should Tenants Use Security Deposit Toward Rent
The tenant would like to use their security deposit towards May rent because May's late fees will cause them to be late for June & July. They would have to refill the security deposit, which would just cause them ...