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So this might be a complicated question but those know their accounting / bookkeeping well, should know this… I’m getting conflicting answers between my accountant and bookkeeper. The problem is convincing my VA boo...
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Hi, I am moving out of my main residence (single family home) and plan on renting the property out. I have found prospective tenants and doing my screening process (thanks to the advice I have received from the forms)...
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I have a single family house that I rent to students. It’s always one group lease. I never rent by the room. I just had 5 girls in the house for 1 year and the lease was up. I was contacted by 2 of the 5 claiming the ...
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How do most property management companies handle security deposits? Do they give you (property owner) a choice to receive the deposit after a tenant has entered a rental agreement or do they hold them in an escrow unt...
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Is anyone using a surety bond for security deposits? As the property count grows and the deposits reach in the 10's of thousands, it seems like poor cashflow management to have all the cash just sitting in a separate ...
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House is rented by 3 individuals. One left couple of months ago and replacement signed a new lease. Now they have reported to me that the refrigerator door is damaged. No one is taking responsibility as to what happen...
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My cousins rent. The landlord wanted to sell the house and kick out the tenants (my cousins). So I bought the house and told them they can stay. At closing, the seller gave me $2100 for the security deposit as part of...
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Hi BP community,Is anyone charging a non refundable cleaning fee at end of lease or taking one out of the deposit? I am thinking of writing one into my lease. That way at the end of the lease I can line someone up ahe...
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I have an interesting question, I am not really sure it is a problem but I do want to make sure I am properly documenting this unique situation. It may help to ask this question to an attorney in my area.
I took own...
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How do I handle a security deposit in MN? Do I have to have a dedicated account? How do others do this? Thanks!