Cody DeLong
Inherting Smoking Tenants and No Security Deposit
Long story short I’m purchasing an 11 unit that currently are all month to month with no security deposits. The current landlord is giving me a great price (cash flows $1400 a month after all expenses, prop mgmt,and %...
David Rogers
Chicago Landlord Returned Security Deposit No Interest
Hello BiggerPockets,My former Chicago landlord just mailed my security deposit back without interest. I know it'd be only about $1 but it seems he should know the procedure for this sort of thing and should not be tak...
Michael Madden
Purchasing Property with No existing Security deposits??
Hello all,1st of many posts im sure.Im purchasing a 4unit building from an elderly owner.Her husband who recently passed away, never collected security deposits from any tenant.I don't know the reasoning, nor do I car...
Alex Place
Renting with no security deposit or dividing the security deposit into rent
I own a few rental properties and had a question that I wanted to run by you all. My wife and I own a small real estate investment company and while our goal is to make a living off this company, we don't want to do i...
Gabe N.
Tenant can pay rent but not deposit
Hi, I'm new to landlording but thanks to BP I think I have a pretty good handle on the basics. What this situation is though, is somewhat unique. Here's the story:So I purchased this property with 3 tenants already in...
Britt Placek
Didn’t get a complete estoppel agreement
Needing some expertise! Just bought our first place with inherited tenants. We got a very small estoppel agreement with the confirmed rent amount and that there was no deposit on a one pager. We have no information /b...
William Morgan
Delaying the Effective Date of a contract
Our CA company routinely offers property for sale on the MLS. The way it normally works is;
We sign a Purchase agreement with a seller. Change the "Active" status to "Active under contractWait for the Buyer to sub...
Justin Weiss
Security deposits for existing tenants
Without going into to much detail about the deal, I just purchased a duplex and it is fully rented. I met both tenants and currently they have leases that are expiring in the next 3 months. The house cashflows nicely ...
Jack B.
Timing the renting out of primary to move back into rental
I live in a house that has a MIL apartment with it's own bath, laundry, kitchen, bedroom, living room and dining room above the garage. I live in the main part of the house. Not sure how easy it would be to rent out t...
Whitney Leighton
Back out of unsigned lease?
Hello all,I found qualified tenants for my rental property here in NM. I offered them the apartment and when I did not hear back from them I assumed they had found something else so I offered the space to my second-c...