Standard practice seems to be a fixed deposit amount per unit, regardless of the number of tenants. While there are other factors and exceptions, more people generally can cause more damage than fewer people. I always...
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if you have more than 10 doors in GA or if you use a property management company, you have to set up “escrow account” for security deposit. None of the banks around my area have that capability, if they do they requi...
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So when the tenant pays a pet fee, what exactly does that cover? Say for instance the tenant has a cat and at the end of the lease u find multiple pee stains on the carpets as your doing your move out inspection. Did ...
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Below is a list of interesting ways we've been able to up our earning potential on our properties. These are in no particular order. Does anyone have any other good tricks to suggest? If the building is multi-famil...
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Ive been running some numbers on some multi family deals and single families also. I was wondering, when do you guys decide if you should pay for the gas and electric bills when trying to adjust for a higher cashflow?...
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Hi, I am starting to self manage my rental property and have below Qs. Please help?1. I understand its good idea to have a separate bank acc for rental income. Can it be a personal acc? I called WF and they said for b...
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I have a 3 bedroom property outside of St. Louis Missouri where I rent to college students. I currently have 3 girls who signed separate contracts in the unit. One of the tenants has disappeared and left the other two...
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So I purchased a triplex in my name, do not have an LLC. Does it matter if I keep the rents in my personal accounts? Or should i open a separate checking and savings? I do I open a separate account and pay the bills a...
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Howdy,
Newbie to the forums and a relatively newbie investor.
I have two rent houses and have separate bank accounts for each one (one is shared with my sister, 50% each). I'm wondering, as I buy more single-family r...
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Greetings!
I am an accidental landlord hoping to become a real estate investor. I have several properties which I inherited. I have been actively reading and learning about rental properties.
I would like to hear op...