Keno Powers
Can I use a security deposit toward a rent payment?
Hi. My tenant is moving out and is 2 months behind in their rent payments. Can I take the security deposit and pet deposit and use them toward paying off her outstanding balance after making any deductions from the se...
Anthony Klemm
SEC registration and exemptions
Newbie here with some questions...
I've been reading a bit about syndications and how they function as a whole. I understand that they operate in real estate under one of a few exemptions from registering as a securi...
Chris Martin
Anyone growing ginseng? I have a secure site, long term view
I have a dedicated acreage (part of a 'change of use' to new 'best and highest' value model) in a dedicated site, barb wire secured, that might be suitable for wild simulated ginseng production. I just have one (curre...
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...
Account Closed
Chicago Association of Realtors says "NO Don't take a Security Deposit"
In Chicago, the local government feels that if you are a landlord, you must therefore be smart, intelligent and RICH beyond belief. Whereas a Tenant must be a mental midget incapable of thinking or having a thought...
Ved Kapic
Reversing a check which was issued as a security deposit refund?
Hello,I'm in Michigan I issued a security deposit refund check before realizing that the tenants didn't actually pay the last month rent ($1150). I texted the tenants and made them read the lease agreement which prov...
Ian Maxwell
Can a landlord charge a security deposit for their own labor?
Hi All, I recently closed my first deal and will be house hacking a two family in Quincy. We took possession of one of the units on 9/1, and found that the previous tenants left several large pieces of furniture behin...
Eli C.
When does forming a multimember LLC count as a security transaction
I am looking at forming a multi-member LLC with some other investors. I would be the managing partner. My concern is that this may be considered a securities transaction.
- There would be less then 35 members. Probab...
Caitlin Cartwright
Do any landlords have recs for a secure side gate lock?
Hi,I’m based in Palm Springs and the new hot theft item (now that all the catalytic converters have been taken) is theft of pool equipment. I have a side gate that opens right up to my pool pump, etc. — I plan to inst...
Uneeq Khan
Managing Private Money
I have some private money I can use from multiple people. How should I go about managing it? Do I create one checking account and have everyone transfer money in there? Would this get flagged by the FBI if there's tra...