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...
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...
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...
Good evening! I have a unit for rent and I came across some potential tenants that want to rent the property. They keep calling and stoping by the property to talk. My only concern is that they are undocumented, an...
I had a quick question regarding security deposits. I live in CA but my properties are in TX and I heard that you can't co-migle your tenants deposits. With that expressed can I simply have a separate acount within my...
Hello, Looking to place a bid in for a single family home in Victorville, CA today to BRRRR. Seller/REA is requiring proof of funds today. Have $1k in bank however need to show a total of $3k to secure the bid. Any su...
Does anyone have recommendations/best practices to share around income verification for retired/semi-retired individuals? What do you usually look for in lieu of a paycheck for someone who still works? Thanks in advance!
Hello allSo, I'm pretty new to all of this, I currently have one house under my belt. I'm working on planning to get my 2nd property would like to get a multi house. With that being said for this first house it was an...
When you rent out a place how much do you require your security deposit to be? 1 month's rent, $1,000, $500 etc? What about requiring last month's rent and first month's rent? I was thinking of asking for security dep...
I recently purchased a property and inherited a tenant that would have not qualified but paid rent in advance for the whole term. His lease is coming due within a couple months and I’m stuck on deciding if I should re...