Tim White
Investing in Cash Flow properties in Jackson, MS
Hello, I am new to BiggerPockets and I am looking into investing cash flow properties in the my hometown of Jackson, MS. Specifically in Single Family Residenital homes. I currently live in Madison, AL.First, I want...
Michael Slockers
How to financially account for a lost security deposit
Hello all:When a security deposit is received on a new long-term rental lease, I categorize that in my accounting system as "deposit", separate from rent. It isn't income, doesn't show as a gain, etc. When that same t...
Phil C.
Deposit refund after the property sale
We recently purchased a property at Atlanta, GA with tenant living in the property. On the lease, there was certain amount of deposit from the tenant. When we did the closing, the attorney put the deposit in an escrow...
Steph Kawilarang
Lease Early Termination in CA
Hi everyone! This is my first time having a tenant want to break their lease agreement early. They only stayed for a month and wants to move because "my wife likes another place better"
While it's annoying, I'm fin...
Nathan Williams
holding deposit... what if applicant backs out? (Indiana)
I usually require half of the deposit for a tenant to reserve a unit for up to 3 weeks. I was curious, what if the person backs out and never moves in? Do I have grounds to keep that deposit?Thanks
A G.
Tenant gave move -out notice while 1 month + 10 days remaining
Hi All -
Wanted to get some advice on a situation where a tenant (who is also real estate agent), have a notice of move-out (Dec 20th) which we only received today (post marked dec 5th), requesting that as per RCW 59...
Linda Garcia
Seller Financing question! We are the sellers.
My partners and I have a piece of land almost ready for permitting for a multifamily. Our agent wants us to counter much higher take a chunk down and carry $4MM @ 10% until the construction loan or a deadline we defi...
Nicholas Bolcon
Holding Deposit or Security Deposit
Hello BP, as always your input is appreciated.To start I'm in RI in case anyone has familiarity with the local laws. I had applicants that passed my screening finally. They can't move in until June 1st which I think ...
E.S. Burrell
Holding rental property with a deposit and promissory note
HelloI have an applicant who wants to move in early February. I required a deposit to hold the home. Does anyone have a promissory letter example or can help me with wording they’ve used to insure its non refundabl...
Account Closed
deposit issues, please help
I had a tenant who stayed in my property for 1month or so after signing the contract, he decided to move and he stained carpet and there is cleaning issues, he wants full deposit but I said he will get half, now manag...