Nate O.
New tenant is moving in, what can I deduct from the Sec. Deposit?
I am a couple weeks away from placing a new tenant in my first rental property. The tenant that is leaving has kept the place reasonably clean throughout their stay. I'm going to have the carpets cleaned for the new t...
Mike Ojo
What to look for on Renters application?
I am starting to receive applications on my first rental property (all digital applications). I need some advise on what exactly I should be looking for to qualify each tenant please.Income: What multiples of the rent...
Dan Earl
Not renewing lease for Tenant
My tenant's lease ends in a couple of months and I am not renewing their lease. They haven't done anything wrong, I just need the property back. The lease does not state how the landlord should communicate to the tena...
Roy Lam
Withholding security deposit-when can I show the house to new tenants?
On the 17th of this month,my tenant notified me that she will be moving out on the 22nd, she wants the security deposit be returned right after she moved out. However, because she didn't give me 30 days advance notic...
Laura Fazio
Military 'broke' lease - do I have to pay back security deposit
I currently rent a condo in Illinois - 60030 - and had a military family in the home since Jan 2013. I did collect a $1300 deposit upon signing of original lease. Just this year, there was a change in orders and the l...
Bailey Sessoms
Rental Deposits On An Owner Financed Loan
Hi,
If you are entering an owner financed loan, can you ask the current owner to transfer the current rental deposits over to you, or can you leverage it towards the down payment? I know in some states you are requi...
Mike Flynn
Tenant won't return addendum for service pet
Hey BP friends! So here's the full quick story... Our tenant recently got service dog, however we only found out about it because the neighbor complained to the HOA that it was peeing on the balcony. After we found ou...
Sam Young
Mortgage applications: Is there a legal requiremen to disclose all sources of income?
When applying for a mortgage is there a LEGAL obligation to disclose all income or can you disclose the income sources that will qualify you for the loan? For example, can I just disclose my employment income and not ...
Vishal P.
Perspective Tenant with Prior Bankruptcy, Thoughts?
I have someone interested in an apartment that has low credit score (high 500s, I require 675) and verbally told me about a declared bankruptcy about 1-1.5yrs ago. She meets the income requirement and has been with th...
Ray Chambers
Deposit and first/last months rent
I have 2 properties I am putting under management.One is a duplex that is already rented. The current tenants have put a deposit and first/last months rent down.The property manager has that money right now. I want to...