Good Afternoon!Wanted to know thoughts on a security deposits/fees.  I have a property that is going to be rented out at $1450/month.  The security deposit will be $1450 as well.  Out of the $1450 we take a $250 Non r...

Hello BP!I have a question about transferring security deposits. I just closed on 2 units and I completely forgot to ask the owner to transfer the security deposits at the closing. We closed about a week ago and now I...

Hello fellow landlords!I have a bit of a situation, my tenants split up before the lease ended. One of them moved out and the other stayed to complete the lease term. Now, I have to refund the security deposit and I s...

I am buying a rental property with existing tenants in place.  The purchase price is 155k, and the current seller is holding a security deposit of $2250.  We are in attorney review, and the seller has just asked that ...

Hello,

I’m a landlord in Minnesota. I’m about to turn tenants and I’ve scheduled my cleanings, maid service as well as carpet cleaning. My tenants have 2 cats. At one point in their 2 year tenancy my tenant was out o...

In the process of securing my first multi-family deal.Do I need to create an LLC when I close on the property? Can tenants sue if they get hurt visiting or living in your property?

Hello all,

I am returning a tenants deposit minus all repairs and I wanted to know if it is standard practice to send the tenant copies of receipts for all work done with the itemized statement? And also, should I se...

Is it normal for a property manager's agreement to take the tenant's security deposit and hold it for the life of the lease? A PM I considered stipulated this in the contract. It also put the liability on me to pay it...

Hello BPers,2021 has been an amazing learning year for me. Started out in Jan got my first property in Mar and end of the year, I have close to 20 properties under 4 different LLCs :-) I moved to FL recently and it al...

I'm putting the finishing touches on my first STR and wondering if anyone has suggestions on security cameras and where to place them? I won't be putting any on the interior for obvious reasons, but on the exterior I'...