Mark D.
Lease Option Deposit Refund
My property management company in Memphis wrote up a Lease Option contract on one of my SFR's in January 2011. The buyer/tenant gave a $4500 deposit and had 12 months to exercise his option. Well, 6 months into the co...
Miranda G.
Earnest Money Deposit Startups
Recently, I've encountered startups and companies offering quick EMD financing at high interest rates (around 3-5% per month). Are borrowers who utilize these funds typically involved in flipping properties? This seem...
Erika G.
Transfer of Security Deposit
Does anyone know if when a security deposit and/or last month's rent is transferred to the new owner at closing are you required to send the tenant a notice that you now have their deposit? We had that happen and we d...
Art Maydan
Withholding From Deposit - Documentation
Hello, I had a place pretty trashed by an outgoing tenant and we’re using the opportunity to re-paint and replace carpet with vinyl. What kind of documentation do I need and who do I need to present it to in order to ...
James Farrel
Security Deposit Only $200?
The apartment complexes near my units are only asking approx. $200 security deposit. I am asking minimum one month's rent. Can anyone explain to me why/how are they able to keep their security deposits so low witho...
Jamie White
Good Faith Deposit Refundable?
I live in MS but am moving to NY. After contacting several agents to see apartments on two days that I would be in the city, I decided to meet with a certain company. They showed me apartments and I saw one that I li...
Travis Lewing
Missouri pet fee/deposit
Hey BiggerPockets.I have purchased a property and inherited some tenants. When I first walked the property and met them they did not have pets. In between then and the time to sign a new lease with me, they have acqui...
Joshua Kaster
Damage vs Security Deposit
How do you landlords explain the difference between billing for tenant damage mid-lease and security deposit? Are there any laws or statements added to lease to clarify the difference? When billing a tenant to repair ...
Lois S.
Security Deposit deadline - California
Just curious .....A California landlord has 21 days to provide a final accounting and return the balance of the resident’s security deposit. The time begins when the landlord regains possession of the property.Does th...
Chris Heeren
Security Deposit when Evicted
I recently purchased a Triplex that came with tenants, one of which never paid his rent. I finally got him evicted just over a month ago after going 3 months without rent. I took the initial security deposit and k...