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...
Goran Kocev
Rental deposit money
New landlord here A little confused as far as where to put the deposit money from tenant , it seems that I cannot just put it to the business checking account it need to be some account that earns interest . What find...
Nathan Williams
holding deposit... what if applicant backs out? (Indiana)
I usually require half of the deposit for a tenant to reserve a unit for up to 3 weeks. I was curious, what if the person backs out and never moves in? Do I have grounds to keep that deposit?Thanks
Beau Pearson
First, Last and Security is a lot of money??
I have a few SFR’s In south Florida. I just signed a new tenant at one with the rent being 1,425. It seems a lot to ask a tenant to come up with first, last and security with these rent amounts what they are. Any sugg...
Robert Calabro
Mid-term rental deposit, application fee, & rent collection
What do mid-term renters prefer when it comes to security deposit? I'm leaning towards a smaller non-refundable deposit vs a full month rent that is refundable. I would love to hear what others have experienced with i...
Jessica Young
Is this the best way to go about it?
My property is up for rent near LSU and I’ve only ever rented to graduate students. I have an international applicant this time around that has great references and her PhD letter from the school, but she has a collec...
Dillon Loomis
Taking "Draws" From Business Accounts
Hey gang. I'm going to be a duplex/triplex, buy and hold investor. I'm not setting up an LLC right out of the gate, as I don't have any assets to protect just yet. I'm going to own the properties in my name, and estab...
Lue Brooks
1st year completed. Tenant's leaving a month early.
So I've completed my first year of being a landlord. It had its ups and downs but I have loved it. I will post about it another time if anybody is interested. I have one problem though. My tenants want to leave 1 mont...
Sarah Barrett
Deposit refund for broken lease 1 wk before scheduled to move in
We have a signed lease for a tenant to move in Aug 1. Tenants let us know yesterday they need to break the lease agreement for a family emergency. We are trying to arrange new tenants ASAP. Are we legally obligated to...
Jim Jack
Security deposit and last month rent
When doing a lease assignment do you get the end buyer to give a security deposit first AND last months rent along with the option to purchase fee ?? Or does some of my option consideration fee go to the landlord as t...