Poppy Pia
Best Way to invest Security Deposit
Hello All,I am a newbie investor and would appreciate your answers to a question I have ...I have 3 rental properties and have a total security deposit of approx. $6K from these 3 properties.Let us assume - not all m...
Jimmy S.
Tenant caused damage do I need a estimate?
If a tenant leaves the property damaged when they leave, do I need to have a professional estimate for the damage or can I just use reasonable repairs cost by myself?
Also how do you handle returning the s...
Charles D.
Need suggestion from any landlord in Tacoma Washington?
My wife has a house in Tacoma Washington. She rent it out to a tenant who live there for about 5 years. She moved out and trashed the house and caused $4,000 damages. How do I get compensate for the damages? Her prope...
Garvey Daniels
Being sued by tenant for security deposit
My wife and I are being sued in small claims court by our previous tenant for the return of their full security deposit plus travel costs for the tenant to appear in court. The renters left the house in complete disre...
Daniel Francoeur
How are you solving security deposits?
So much required for security deposits, it is a bit of headache for something that doesn't generate revenue.Depending on State you might need to deal with:Separate bank accountInterest PayableReturn on timeSend all in...
Tony Mondalano
Advice on a line of credit
I’m currently in the process of finding a house to do my first flip. I initially planned on funding the whole deal with my own cash but am also interested in learning more about financing. My realtor introduced me to...
Vernon Henry
Security Deposit - Pee on Carpet, Roaches
Hi All,
I have a couple of questions regarding security deposits.
A tenant, who is moving out,has ruined a carpet by allowing their young children to urinate on it. Though it has been professionally cleaned, the sme...
Ariel G.
Security Company to Help Monitor VRs
For those of you that self manage large properties. Do any of you use private security companies to address parties? I have a 5bed property with a pool that from time to time people bring unauthorized guests but I add...
Matt Faix
Should mandatory carpet cleaning come out of security deposit?
With your units that have carpet, do you charge the cost of professional cleaning back to the tenant from their security deposit? Or is that just standard turnover costs that you assume? Wasn't sure how to approach th...
Aaron Sweat
Hard Money and Collateral
Is it feasible to obtain a loan or a good old boy agreement where a lender offers 100% financing for both the purchase price and construction costs at hard money rates, secured by a second position on the borrower's o...