How do you handle security deposits? I know that they are placed in a seperate account, but I am wondering how to account for non-refundable pet fees? Can I treat this as income and move it to my day-to-day checking...
Thinking about renting out house to prospective tenant who wouldn't be able to move in til Dec. They are willing to sign lease, provide first month's rent and security deposit in November and have lease begin Dec 1. I...
Not sure what's the best forum category to post here, so trying with investing basics. I saw a few posts on accredited, non-accredited investors on the forum in various categories.
It's not clear to me Googling aroun...
I am trying to understand why we need to collect pet deposit. If the pet made any damage, we can deduct it from security deposit, right? It makes more sense to me to collect non refundable pet fee or pet rent, but I a...
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...
Wondering how others charge for allowing tenants to have approved pets. There are many different ways to charge a tenant for allowing a pet: Flat additional rent per month, higher security deposit, pet admin fees, fee...
Hi everyone, My tenant's lease is about to expire. If they decide to stay for another year, do I charge them again for pet fee for the new year? I am planning to hold onto the security deposit from last year and charg...
Scenario 1: The wood floors need to be refinished because dog urine has ruined them and the pet deposit doesn't completely cover the damage. Can part of the security deposit be used to cover the rest?
Scenario 2: ...
I have a long standing relationship with my credit union. I'm in the process of trying to set up multiple avenues of financing in the event i find a deal i can move on it. I do not want to depend on a single source ...
Guys, If i have the cash to invest in flipping homes, will I ever use/need my credit? If so, when or how in example?
Do I have to make an effort to keep it in good standing since I have cash, or I can be without?
Th...