David Shifirn
Chicago Security Deposit Account Question
I own 5 units. 1.Do I need to keep each individual security deposit in a separate checking account?2.3 of the units are in a 3 flat. Can I keep those together in one checking account?"Intermingling funds" makes this c...
Stephen Race
when to claim rental deposit income
Hi, I have short term rental properties renting by the week. I take a 50% refundable deposit at reservation time, then the balance 30 days before arrival. I take deposits up to a year before arrival. For tax purpo...
Nate Marshall
Denver is trying to ban deposits for pets. How would you address or fight this?
Proposed Bill Would Eliminate Deposits and Fees for Denver Renters With Animals | Westword
Steve Kenoyer
Security Deposit Used
I am looking a multifamily. the current owner states a few tenants used their deposit while living there. What do i need to request from the owner and each tenant to ensure no issues later. Thank you.
Todd M.
accepting rent payments in cash?
I imagine this one has been covered but searching the forums didn't help.
Looking for opinions on accepting rent payments in cash:
I'm probably being a bit paranoid, but it seems like an area that could manipulated ...
Abe B.
Bank Accounts + Landlording
Hi there,
I'm about to close on my first property (6 doors) and am realizing that I don't know how to collect rent in a convenient fashion for the tenants. I have been told to use Baselane so that they can ACH transf...
Lili Thompson
Previous Owner Didn't Collect Security Deposits..!
Hi all!I'm working on closing a deal and there's two big things I need to handle!1) The previous owner didn't collect security deposits from tenants that will be staying and signing a lease with me.2) The previous own...
Michael Seeker
Bought a 4-plex at the commissioner's sale, what about tenant deposits?
As the title says, I just bought a 4-plex at the commissioner's sale today. I went over and had a chat with the tenant who is the "manager" of the property along with 2 or 3 others that the previous (delinquent) o...
Sam DiNicola
Minimum Income & Credit Score for Prospective Tenants
Does everyone require prospective tenants have 3x the rent in monthly income / rent is no more than 30% of their monthly income? What is minimum credit score you look for in a B- neighborhood? For people with lower th...
Mike R.
banks not taking cash rent deposits--now what
Hi all and thank you for your time!We just found out that several of the large banks (Chase, Wellsfargo, etc) have or are about to implement new policies that basically say they will no longer take cash for deposit in...