Brandon Sowers
The Future of Security Deposits
As rents continue to rise, this in turn increases the cost for tenants to move in to a rental property. It is not uncommon for us to list properties for $1500 per month. This can end up costing a new tenant over $3k t...
Steve Boianelli
Security deposits held in escrow
I’m selling my portfolio and a few properties have no security deposit because funds were used to correct tenant caused issues. Title company holding said funds in escrow. Anyway I can get around this?
Gregory M. Bailey III
Securing a Property During Rehab
I was wondering: What are some things that people do to secure properties under rehab? I understand that people are going to steal and vandalize properties, however, I feel there have to be some measures one can take...
Simond Wong
Post Tenant Security Deposit Review
As a landlord, what is your approach to reviewing your property after the tenant has moved out.What do you look for specifically?What have you overlooked and now you will not in future cases?Finally how do you assess ...
Joe Wood
Where to hold security deposit
Hey guys,
Just curious as to where homeowners are keeping tenants security deposits. From my understanding, it needs to be in an interest bearing account.
Are there any alternatives to keeping it in a bank?
Tom Harkins
Montgomery County Security Deposit interest
Where do landlords in Montgomery County, MD keep your tenants' security deposits? I understand the county rule requiring paying 1.5% interest minimum. I also found the online calculator they provide. I'm asking if any...
Bob Stein
Holding security deposit for pool
My tenant had the pool closed before the winter, as per the lease. Now, they are moving out too early in the year to test if there is any damage to the piping due to incorrect closing. In NJ, the deposit has to be ret...
David V.
Rental Income & Social Security
Questions for you Tax Pros out there. Will the amount of social security benefits be reduced if an individual receives rental income of let's say 80K a year. Assumptions: Social security is taken before full retire...
CJ M.
Why not take secured EIDL?
I've been approved for a pretty sizable secured loan. I read the terms, spoke with seasoned investors, and spoke with SBA. Unless I'm missing something, it seems that taking this loan is a no brainer. What am I missin...
John Horner
401k Secured Line of Credit
Has anyone ever encountered a institution that would secure a line of credit using a current 401k as collateral?
I am considering a 401k loan or transferring to a SDIRA, but my goal is to purchase cash and re...