Hi Chicago, For all the Chicago landlord out there, do you guys do Security Deposit or a non-refundable Move In Fee (Admin Fee) ? I own a condo unit in Chicago downtown area. Someone has suggested me to do Move In Fee...
I have a tennant that is scheduled to move out at the end of September. They have been in the house for 16 months and part of their rent has been a $50 monthly charge for 2 pets ($25 each). When they move out, I wil...
Hi,
I am negotiating on the purchase of a four-plex in Arizona. The seller just countered my purchase offer stating that they don't have any of the security deposits for the tenants in the four-plex.
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Every apartment I've ever rented has required me to pay 1st mo. rent, last mo. rent, and a security deposit equal to the mo. rent.... so 3 mo. worth of rent payments upfront. I'm now using a property manager to find a...
Hello all!I'm asking for 1.5 month's rent for security, which totals to $5,700. Prospect tenant says he counters with $4,000. He's signing a 2-year lease agreement and we already came down on the rent by $100 after ne...
How to figure out what tax bracket you’ll be in during retirement? For example, let’s say a single person makes a 100K per year on W-2 right now working for a corporate world. It’s taxed at about 25-30 percent, right...
i've heard a lot of stories about tenants trashing units when they leave and the costly repairs to get them ready for the next tenant. Thought: how about charging one dollar for the first months rent but adding to...
I would like to get some insights from those of you who've been through buying a tenanted property. We just did the inspection and there's about $800 repairs (not wear and tear) that would be tenant's responsibility. ...
3 bed 2 bath house. lease is up in May 2025. Couple is splitting up and one is wanting to stay. The one leaving is paying 1/2 of the rent through 5/31/25. So my questions are:Do I write an addendum to the lease wit...
Hi everyone,I have been owner occupying a duplex (renting out one full unit plus spare bedrooms) in Dover, NH since 2016, get rents totally $3440 monthly, seen great appreciation on the property value, and want to ope...