James York
First rental- self managed
I am moving from selling my spec homes to keeping them. I am ready to lease the first one, but am struggling with the first month's rent. Let's say rent is $1000/month due on first and security deposit is $1000. Lease...
Ravi Kiran
Lease Break by Tenant
Hi All,Here is my scenario. Please let me know your thoughtsMy tenant originally signed for a 13 month lease in Arizona: starting from Apr 2019 to May 2019. Now she broke the lease, citing safety issue (due to a guy f...
Jessica Young
Ex tenants from Florida condo refuse to give forwarding address, traveling overseas
I have no way to give the notice to these tenants that I'm withholding a small portion of their deposit. They broke the lease early (happy clause), and the FL statute says under that condition "Failure to give such no...
Jon Wesner
Do you ask for 1st, last and a deposit from a tenant?
I have been lucky with renters over the last 5 years, and have rented to people I know. I am currently going to rent to a stranger, and want to know from BP what is typical to ask for up front? First & last plus...
Timothy A.
Tenant deposited partial rent during dispossessory
Hi team, I could use some eviction advice. Tenant in Georgia owes $4500 of late rent. 3 day notice is passed and I filed the dispossessory with the court. She has since deposited $2k directly into my bank account and ...
JT Thomson
Best way to market a MTR/LTR rental...
We have moved out of our 3bdr 2 bath house and now I would like to rent it. We left all of the furniture so it is ready to go. Unfortunately, my HOA does not permit STR. Lease minimum is 6 months. It is a 3 year old h...
Nathan A. Johnson
Security Deposits
When buying a rental property you inherit the old tenants that have a valid lease. What happens with that tenants Security Deposit? Does the old landlord transfer the money to you? If so, what would that process be li...
Drew Hitchcock
Purchasing Our First Multifamily - Security Deposit Question
We are closing on our first property this coming week. It has been quite a process, but I wont get into that here.It is a 3 Unit. We will be renovating, and moving into one unit, for the time being. The other 2 are cu...
Tom Sylvester
Purchased Duplex, Never Received Security Deposit
I purchased a duplex two months ago in NY. We received a security deposit for the downstairs tenants, but nothing for the upstairs tenants. The people selling the property to us said that they never recieved one fro...
Larry H.
Changing Rent Collection Method
My wife and I just purchased our first investment properties (2 four plexes) in October. The tenants are all low income and some don't even have bank accounts. The previous owner is a family friend and he has always...