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I am a landlord in Massachusetts and I need to hold my tenants security deposit in an escrow. I have found several banks willing to do this, so that is not a problem.My issue is that, I know that every year you are su...
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We are sourcing our tenant ourselves but will be transferring to a property manager once we have them in place. That being said, we need to collect security deposit ourselves and would like to electronically. It looks...
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Can I charge a renter for a new sink. This was a brand new home (and sink). The stains will not come out and it’s pretty abused. Is this normal wear and tear? They must have had tomato sauce and red wine sitting in t...
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I had a friend who was paying a substantial amount to rent a house so I offered him a room at my house so he could save some money. Before he officially moved in we had a verbal agreement that he would pay a $550 d...
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Sorry for a newbie question. I am very excited about the first approved application. When should I collect the security deposit? Should it be before signing the contract or after signing. Please advise.Thanks,Andy
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when a tenant wants to renew their lease do you write up a new lease or use an addendum? Can I just use their deposit and the move-in forms from the first time? what type of form would I use for communicating this? ...
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I recently bought my first multifamily. I am doing the house hacking strategy. Live in lower unit, and rent out the upper unit.I have a tenant upstairs. I am thinking of putting a security monitoring system (like ring...
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I have a SFH and duplex free and clear in Southern California. I live in Arizona, but have the properties in a CA LLC.
My question is: who will extend a business line of credit using the properties as collateral? I'...
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How do you guys secure your flips in progress? I had an AC unit stolen. Ring? add Internet? Alarm system? What's most cost effective? considering i'm in and out in 90-120 days?
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Maine law states that security deposits must be held under terms that make the funds protected from bankruptcy and judgements against the landlord. Talking with my bank, they offer escrow accounts where funds belong t...