Hi all,
I just recently purchased a 4-unit property in the Merrimack Valley area of Massachusetts.
My plan is to owner occupy one unit and rent out the other 3.
As closing approaches I am thinking of ideas on how t...
I know on a regular purchase, the new owner assumes the responsibility for the security deposit but I heard on an REO that the purchaser has no obligation to pay the tenant back. This seems unfair to the tenant so I ...
Hey all,I wanted to see what everyone did when it came to pet deposits. I was wondering if anyone did different amounts depending on size and variety/breed of pets.Thanks!
Is it normal for a property manager's agreement to take the tenant's security deposit and hold it for the life of the lease? A PM I considered stipulated this in the contract. It also put the liability on me to pay it...
There was a thread about a year ago that discussed this same topic but I wasn't able to find it again.I recently purchased a quad, which is my only property. When I took over as the property manager I gave the tenants...
Hi I have had a few tenants in Florida who pay for all the months during the lease but then don't pay the last month's rent and the move after that. They ask me to take that from the Security deposit. But luckily I di...
I have read many different perspectives on the deposit that landlords ask renters to pay before moving in. What is a fair amount to ask the renter to pay? I would like to get the equivalent of the monthly rent as a ...
When assigning a contract to a cash buyer, I assume the cash buyer will put up a deposit. I have a few questions about this process. Let me illustrate an example:
I (the wholesaler) go under contract for a property a...
Just curious, what type of ways to you collect your rent? Currently I own two homes (Primary Residence, One Rental). I have my renters deposit the monthly rent into my bank, they just tell the teller my name and they ...
I am about to rent out my first home and I will be located out of state but still acting as property manager. I am wondering what my options are to collecting rent other than a check or money order through the mai...