Dwain Brock
Security Deposits for three different renters of college age
We will be renting a SFH to three college students beginning in May, and would like input on how to set up the security deposits. Should each renter be asked for 1/3 of the amount of the deposit, or should each have ...
Peter Hroph
Re-signing new lease with different number of tenants
Last September '15, I had 4 tenants (young professionals, all friends, great tenants thus far) sign the lease on my 4-bed rental unit. This year, 1 of them is going away, so 3 will remain (incomes are in check). Given...
Robert Borer
Estoppel - WHO gives to tennant?
Need a simple answer from my experienced multi-family investors. I'm about to do my first multi-unit deal and I need to verify the info current owner/seller is telling me. I know this is done with an estoppel agreem...
Rick McGuinness
Co-signer has great income but less than stellar credit, wwyd?
Hey think tank! We have a property for lease with an interested applicant that is starting work at a government agency where they will be given a stipend allowance. They are right out of school and wont be making the ...
Brennan Taberna
Best place to save money for 2-3 years
Aloha all,I am 19 years old and recently became interested in investing in rental properties. The problem is I live in Hawaii and houses here a extremely expensive. My plan is to educate myself and save as much money ...
Joey Ly
Deposit Refund Legal Inquiry
Hi BP Members,I'm seeking some legal advise in a situation that I (renter) got into with a place that I lived at. Long story short, the "master tenant" or so I was told, withheld the name and contact of the landlord w...
Kirsten Ostby
Commercial tenant security deposit transfer with purchase of bldg
I'm under contract to purchase a commercial building with two tenant spaces, one of which my new startup business will occupy (a strength training gym), and the other space has a tenant in place. I'm not working with ...
Benedict Scire
Buying a rental with a current Renter
I don't know if I am allowed to do this on here, but I have a friend looking at a place to purchase that currently has a renter. She asked me for advice on if the tenants will need or if she can redo the lease with th...
Chanitnan K.
Is Utilities deposit ok?
Currently the duplex has 1 water meter. If a landlord add sub-meters to each unit, and charge water cost to each tenant, the landlord is still responsible for the water bill if the tenant doesn't pay. Is it ok to take...
Christian Malesic
Lease to Rent a Garage
We have an awesome lease for apartments! We also have 1 detached garage that came with one of our apartment buildings and rent it out separately.
For the first go around (first garage tenant) we took our apartment l...