Ryan Rudloff
When Appraisal Fees Are Deductable
Hi, I’m in a position where I’m considering a cash-flowing industrial property as an owner occupied investment. The owner wants a portion of the earnest money deemed non-refundable. ($15k)My question is as follows:If ...
Brett Babcock
Online rent payment deposit timing
I am in the process of trying to get a resident portal set up for online rent payments. We have a 275 unit portfolio in Chicago. It seems like most of the low cost or free sites have about a 5 day deposit time for pay...
Terry Royce
Earnest Money Deposits and contingiencies/clauses
In my contracts in says sellers exclusive remedy if buyer fails to perform is to keep earnest money.
However, if I back out due to my financing clause I still get to keep my earnest money correct?
My main point is ...
AJ Wong
When there is blood in the banks buy Real Estate
Isn't it ironic how the one time borrowers got a 'leg up' in the form ridiculously low interest rate mortgages that those same 'assets' are partially what is behind the collapse of several significant US banks and bey...
Michael Baradell
Tenant Screening: Bad Credit: 2X security or First and Last
Hey BP!!I am curious on your thoughts. If you have a tenant applicant who is qualified in all aspects except they have bad credit due to medical, would you require first months rent AND 2X securit deposit or First, La...
Kelvin Lee
Forgiving Criminal History and Lower Security Deposit
Screening Highlights
City criteria would broaden approvals for people with criminal backgrounds.City to reduce income requirements from 3 times the rent to 2 times the rent.City requirement to provide individual a...
Nkechi Jarvis
How do I handle this... Breach of contract to lease my property?
A tenant signed a contract for a long term lease to begin March 10, 2023. The property is a 3 bed, 3.5 bath near downtown Houston. The property was fully furnished as I had it on Airbnb and Furnished Finders, but due ...
Matt T.
What cutoff point do you use for Credit in tenants?
I just put my first unit on the market and I'm getting a whole range of interested parties. Many of the folks who seem like decent potential tenants have lower credit scores. There are many folks in the 600-650 rang...
Craig S.
A Few Landlording Questions
Hello,As a relatively new landlord, I have a few questions I am facing, and wondering what is the best way to handle each of these situations. Can some of the more experienced guys/gals give me some advice?1) Roommate...
Mark Douglas
Do you have separate bank accounts for each property??
Hello all,I'm on the cusp of closing on my first property ^^ and I want to have as much in place as I can.I know I'm going to open up a second checking account for this first property, to keep it separate from my pers...