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Hi, I'm a bookkeeper at a real estate co in Philadelphia. Question...with interest rates so low is it acceptable to hold off sending out interest checks to tenants over 2 years and just give them the earned interest w...
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Hello BP! I finally closed on my first rental property in Michigan and have what I think is a fairly basic question.
Does a separate bank account need to be setup for each security deposit? Or, can this be deposited...
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If a tenant signs a lease on June 15th with a move in date on July 1st, then decides 3 days later (June 18th) that she doesn't want to move in, can the landlord force her to pay anything? Rent until unit is leased out...
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[moderators: sorry I posted this by mistake on the Commercial Real Estate forum and then reposted here. Could you please delete the one on the Commercial forum]
So far, I have been having the tenants pay the holding ...
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Before you let your tenant move in, do you guys collect both first and last months rent with the security deposit or just first with the security?
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I recently had an issue with the power going out in a Chicago unit of mine. ComEd turned the power off due to non-payment(though ComEd never warned me or tenants which they are required to do by Illinois law), but I h...
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http://www.fdic.gov/news/news/press/2009/pr09012.html
FDIC Approves the Payout of the Insured Deposits of MagnetBank, Salt Lake City, Utah
After an extensive marketing process, the FDIC was unable to find another f...
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Hello all, apologies if this question has been asked before but after searching through the forums for a while I found nothing to match my particular situation. We have recently sold our rental home to the renters. Th...
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My LLC owns(financed) the property in Texas, but my c-corporation and my personal interest(invested) own 51% or more in the property. My question is can my c-corporation have a "property management contract" with t...
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My name is Mark Fulop I am a mortgage correspondent lender/ underwriter with about 13 years of experience. The main reason why borrowers use a mortgage broker is to ensure that they attain funding from a reputable so...