Yocheved Beer
having the deposit go directly to seller before closing
Hi all,I was under contract for a house, and all was well untill the sellers lawyer said that the security deposit must be given to the seller and not held in an escrow account. My lawyer told me this is insane becaus...
Joshua C.
Direct Deposit account, in state or out of state?
Hi there,I'm going to be getting into being a landlord and purchasing rental properties. I was wondering if there is a strategy to opening up a checking account in your home state or in the state in which you will be ...
Account Closed
How much money should you initially have saved for emergencies?
I'm planning to take out an FHA loan soon. I'm saving up for the down payment at the moment. But in addition to the down payment how much should I save up for other expenses such as emergencies that may come up?
Ed McIver
No credit history, no eviction or criminal history
I have a prospective tenant who has no credit history, no evictions, and no criminal history. I asked to verify employment and he claims to get direct deposit and no pay stub. He seems the perfect ghost. He filled ou...
Eric Giovannucci
Fixing a Rent Payment Issue
Hello All, Currently my new tenant for my SFR is becoming a nuesance. I have to constantly call her as the 1st comes to an end to "remind" her that rent is due. We initially agreed upon having a direct deposit set up,...
Ray M.
Would I be double taxed?
If I were to direct deposit money from my 9-5 job into my business bank acct. Would I be taxed on that money 2X....Once for personal and once for the business?Also, would this violate keeping personal money/business m...
Jonathan Roach
Military TSP Loan thoughts
I've been researching the details of taking a loan from my TSP to fund a BRRRR deal. It seems like a bulletproof strategy since I can pay the loan off within a few months if all goes well and the interest rate is emb...
Anthony Simboli
Renters Payment Options
In preparation for our move into our first investment property (which we will be occupying) I was curious if anyone had some information on some options for the renters to make payments. We will likely be doing checks...
Michael S.
Why we canceled a tenants direct deposit payment option…and why you should too after the 5-day notice.
Why we canceled a tenants direct deposit payment option…and why you should too after the 5-day notice. (This event pertains to an Arizona rental eviction issue, your states laws may differ...or be the same.)Having dir...
Anthony Bair
Methods To Receive Rent
Hello all. I'd like to get your thoughts on the best method on how to receive rent electronically. Also, what company or companies do you use if you don't do it yourself? Thanks in advance.
Anthony
Friendly Landlord