Destiny Bowen
New Duplex Owner; Previous Property Manager Issues, Help!
Hello, all! I am seeking some advice as I am new to the RE life and am stumped by the lack of professionalism and excess of hassle it has been thus far. We finally closed on a duplex in the middle of July. One tenant'...
Ryan Dossey
I'm going to be a new landlord help me set my policies.
Those of you guys that have been at this I am curious how you handle the following situations. Everyone says to set your rules and keep them.Smoking:Pets:Credit:Felons:Age:First time renters:Previous evictions:Rent Co...
Dan McDougall
landlording. Renter backing out before moving in
Ok here's my scenario any help would be appreciated. I have a SFR in denver. I have a tennant set to move in 12/1 and she gave me a 1 month deposit. After we signed the 1 year lease in mid November she said she was ha...
Wilco Ravestijn
How do I handle the Security Deposit
I'm in Texas and I have 2 rentals. I have both houses leased but I don't have any specific place where I've saves the security deposits. What exactly is the legal protocol I need to be following with regards to the se...
Elisse Vanee
Can we terminate lease?
Hello,
Needing some guidance and advice. On August 15th, we signed a lease with a new tenant. She was to move in on August 22nd and pay rent for the end of the month. On September 6th she was to pay full month's re...
Mike C.
New Landlords. Holding Fee vs Deposit? General Advice.
We think we have a strongly qualified respondent wanting to rent our SFH (newly refinished). We are (plan to be) using NTN SecureLease. It does the application online and we're planning to get Checkpoint Premium s...
Mary Jay
Professional Property managers-keeping track of money
Hi guys,So I have a question for professional property managers, or people who have more than one property they manage...I have a small property management company and I have 2 bank accounts where the tenants deposit ...
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...
Luke H.
Riddle | Security Deposit After 1 tenant leaves
I have 3 tenants on lease. I got a money order for the security deposit. At the end of the year 1 tenant leaves and a new tenant is added. How should I handle the security deposit?Thanks
Mehran K.
Tax Handling of Property Management Reserve Account?
Quick question for the tax professionals :)
From the collected rent on my duplex (June), I've allowed the property manager to hold $500 as reserves for future expenses/improvements etc.
Hypothetically (because I'm ...