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I am trying to understand why we need to collect pet deposit. If the pet made any damage, we can deduct it from security deposit, right? It makes more sense to me to collect non refundable pet fee or pet rent, but I a...
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What's up BP,
So I finally got my rental property squared away with just a few more repairs to handle.. This was a foreclosure that I completely remodled, and it's a fairly decent home.
Now here is my dilmena, I th...
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As a Chicago landlord, I've noticed many local apartment listings that ask for a non-refundable move-in fee instead of a security deposit. I suspect this is partially due to Chicago's strict laws regarding security...
So, I have a lease that is supposed to start on June 1st, 2021. The tenant who has already signed and paid her security deposit just contacted me and told me that she will no longer be moving in. I am wondering if I c...
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I'm considering renting a property per room in order to maximize the rental income. It's a large single family house, 5 bedrooms, 2 full baths, kitchen on main level and in basement. However, I've never done a rooming...
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Hello all. I am new to the forums and seeking some advice with how to deal with my landlord.I rented with my landlord for the past year. The original lease was from July 1st, 2015 to June 30th, 2016. Rent is $800 and ...
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Recently purchased a triplex with tenants already in the property, thus I inherited their security deposits. One tenant had to leave but had been in the property for 4 years. Their security deposit was $450, they want...
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Hello All,I just closed on a tenant-occupied investment property. At the closing table, the seller said he will not relinquish the tenant's security deposit nor the prorated rent for the month. He stated that my need ...
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Needing some desperate help! I did background checks on my tenants and everything looked good. sent them the contract with everything in detail that they will pay the rent amount stated in the contract from June 1st...
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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...