Donnie Britton
Converting our primary residence to income property & mortgage for new purchase
We are in the market for a step up SFR, currently in a townhome. Our goal is to convert our current home to a rental give a mortgage for the acquisition of the new property.The financing institution will accept 75% o...
Susan Shen
Does property management com have right to hold last month's rent
We have a duplex rented out as student housing on a yearly lease in Philadelphia. Before move in, tenants are required to pay 1st, last months' rent and one month rent as security deposit. Based on contract we have wi...
A Schweda
Rental payment in full up front?
I have a possible tenant that would like to lease my property for 2 years.. and pay in full up front. Obviously I am ok with this.. no chasing rent and such. But, would there be any negatives to this? And what type o...
Account Closed
PM needs ss#
Hello,A PM we have just hired wants a W9 and social security number from us.Two companies we hired previously didn’t ask for this.I am not comfortable with sharing my ss number around needlessly. I did read someone on...
Loren Becker
Collecting a years rent in advance
Hello,I know this is probably a good problem to have, but we have a vacancy in a high end property in Hermosa Beach. The rents is $8700 per month, our recent prospect tenant is asking to pay a full 12 months up front...
Don Hines
FannieMae rant!!!!!
I have had a FNMA property under contract a few weeks now and was to close on it tomorrow after a few minor delays. I just got a phone call fom my bank telling me I could not borrow as much as I need according to an a...
Michael Medeiros
Rhode Island- Move in $
I'm renting my first property in RI, my previous experience has been in MA. I typically charge 1st, last and security for a new tenant.
I was told that was not allowed in RI- anyone have experience with this...
Lisa L.
Partial payment rent or security deposit ?
Hi BP community, hoping everyone is doing well during this pandemic.My tenant moved in on April 1st. She couldn’t afford the whole security deposit at one time, so we had an agreement in the lease that she’ll pay $200...
Jonathan Park
Security deposit for Inherited Tenant
Hi,I was wondering what the process is when you buy a property with tenants already in the property.When the property is sold to you, do you also inherit the security deposit the tenants deposited? or is that not the ...
Benjamin Gonzalez
How to collect security deposit after tenant move in?
I failed to collect the security deposit before the tenant moved in. He said he would pay me the next day. He did pay all the 6 months rent upfront. He hasnt paid the security. My rookie mistake for taking him on his ...