Johann Jells
Bank to handle multiple security accounts with NJ presence?
I'm fed up with Capital One. They've literally taken hours of my time, every time, to open security accounts, and then screw them up most of the time due to poor training. Then I found out they have a system for bigge...
Mark Jurgiel
Opening a bank account for a rental property
I have a 2 unit rental property that's under my name and currently I deposit the rent and pay all the expenses from my personal bank account. Is it worth me opening a business checking and savings account for just a 2...
Warren Rosanoff
NYS Security Deposit
I have a question regarding security deposits in New York State. Does each tenant require a separate interest bearing bank account or can multiple tenants' security be deposited into one account and whose tax id# shou...
Lumi Ispas
Can a Security Deposit Be Used For Unpaid Rent in Chicago?
Hello Chicago Landlords, I just read this today! This is great to know, as most of attorneys have always told me that the security deposit cannot be used towards the last month rent, even when the tenant did not pay h...
Wesley Myers
Bank Accounts for STR’s? What do you do?
Been reading a lot of different scenarios for bank accounts with rental properties. Wanted to get your suggestion on my specific situation. Just purchased our first STR condo here in PCB. Have $10k in reserves for re...
Samuel Young
Do you have a business checking account?
Hi all! I am just about to buy my first property in the Austin area, and I want to make sure I have everything I need in place before closing. I am looking to set up a checking account so I can keep my finances separa...
Michael Medeiros
Rhode Island- Move in $
I'm renting my first property in RI, my previous experience has been in MA. I typically charge 1st, last and security for a new tenant.
I was told that was not allowed in RI- anyone have experience with this...
Hedman Maximus
Should I have a contractor move into property
Hi Biggerpockets community!!! I have a question. I got a vacant apartment , and I recently found a handyman, that does work here and there. He is interested in renting it, and moving in with his mother and fiancée, ho...
Mitchell Johnson
Wording concerning security deposit when renewing lease
The lease I have with a tenant currently states "The Tenant agrees to pay the Landlord $1275 as a security deposit. The security deposit will be returned to the Tenant...blah blah"When the lease renews should I chang...
Oren Peleg
Security Deposit Forfeiture?
My tenants are currently delinquent on one month's rent. We have begun eviction proceedings. My question, however, is: Does the tenants' breaking of the lease forfeit the 2 months of security deposit? As in, does the ...