Jered Sturm
Ohio Security deposit law
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 ...
Cheng Bin Zhang
Security Deposits in Massachusetts
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...
Jacob G.
Keeping Ohio Security Deposit
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...
Alan Francis
Security Deposit and Smoking
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 ...
Nathan Emmert
Non-Refundable Security Deposit
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...
Brad Larsen
No Security Deposit Option
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...
Bryan Petrinec
QuickBooks and Security Deposit
I am looking for some guidance on managing security deposits, repairs, and return of the balance from a bookkeeping standpoint. This is the first time I am going through this and I want to make sure I am handling it ...
Account Closed
Damage Deposit withheld - consequences?
How often do you find tenants give you reason to withhold damage deposits? One of my mates, who also rents out properties, has a particularly nasty tenant who is leaving his building after many years. Little to no dam...
Account Closed
Repost-deposits-payments-laws
I wanted to re-post this and hope it is of help to the group.
Here is my input on the subject. I am a State of California licensed contractor with 20 plus years of experiance.
As far as a DEPOSIT, California only a...
Courtney S
Putting a Deposit down
My question is this....Would I have to put a deposit down on every wholesale that I do, being that I will be assigning the contract over to another investor?
And if your reply is "Sometimes" then please when would it...