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If you rent out an apartment to two unrelated people (roommates/friends), but they're jointly liable on the rental agreement, what happens to the security deposit if one roommates decides to move out?
I assume the r...
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I’m looking at a duplex that is somewhat unique and doesn’t seem too hard to add a 3rd unit to increase cash flow. The one unit has a walk up to the second floor that has a second full bath and a wet bar (sink, stove,...
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It's our first time setting up a medium term rental and bought a house with 6 bedrooms that the previous owner had been renting out as an MTR for travelling nurses (by the bedroom). We intend to continue with the same...
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Hi all, I am married and first time home buyer and currently living in Alpharetta, GA. Housing market here is good here as I saw online it says Alpharetta and Milton to have highest median home price in Georgia. I am ...
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How did you manage leases with multiple people paying rent for a single family home? Did you have 1 person collect rent and pay at once? Or did you have them all pay separately? Also, did you have everyone sign the 1 ...
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Hi Everyone,Quick question on security deposits in Chicago. Can I combine the security deposits of different units into 1 bank account?I understand that landlords cannot commingle security deposit funds with the asset...
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Hello Everyone,
I'm looking at transferring an existing home from one lot to a new lot. The numbers seemingly work, however, there is one variable I'm missing due to lack of experience. What is the process like for s...
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Our bookkeeping is a mess! So for Christmas, I’m making a binder to keep all our information in one spot. So far I’ve got:
By property:
Listing when bought
Copies of keys
Copies of leases
Move in move out condition ...
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Good Afternoon,So I just have a quick question. I am going to syndicate apartments so should we have a company name "LIV Real Estate" and that will be our company LLC. Then when we acquire properties we create a seper...
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Hello,I currently have contract to buy a duplex in Lexington, KY. Two weeks into the loan/under writing process, the lender just told me the lot/structure is considered two townhouses, not a duplex (I confirmed he is...