Douglas T.
Collecting 1st mo. rent, last mo. rent, and security dep?
Every apartment I've ever rented has required me to pay 1st mo. rent, last mo. rent, and a security deposit equal to the mo. rent.... so 3 mo. worth of rent payments upfront. I'm now using a property manager to find a...
Wendy Jiang
Renting to Dental School Students
Hi all, I have recently received multiple applications for my property. All applications are from students! One group really stands out. They are going to start dental school here and will likely stay for four years. ...
Account Closed
1st & last month rent plus security deposit. too much to ask for?
I have 1 rental and normally ask for first month rent ($830) plus a deposit ($500).seems like renters just move out after the lease is over and treat the deposit as part of their last months rent.... so i end up with ...
Matthew Olszak
Security Deposit "Short-Term Loans"
Let me preface this by stating that I usually require the deposit (non-refundable) upon lease signing and 1st months rent prior to move-in. Not really looking to get into that discussion.An idea popped into my head th...
Thomas Swindell
What money amount do you require tenants to put down at move in?
What requirements do you guys have for when the tenant moves in for the money to put down? For example do you request first months rent, last months rent, and a security deposit? What is the security deposit usually e...
J. Brian Walters
New Jersey Pet Deposit/Additional Rent
In New Jersey it states that you can collect a pet deposit as long as the total security deposit does not go over the month and half maximum allowed by law. I require a month and half security deposit standard for my...
Jimmy Jacob
First time BRRRR In Need of help - Question about auction
Going through my first BRRRR and am scheduled to close on my first property this week. I'm purchasing a house on assignment from a wholesaler who won the property at auction for X plus a 10% buyer's premium, and then ...
Charles Patterson
How much extra do you charge for pets?
If you allow pets in your rentals, and your state allows you to asses an extra pet rent amount... how much do you charge?We allow up to 2 animals, and all dogs must be licensed and releases signed so that we can conta...
Nia Baisden
Wholesale Proof of funds
Hi I have a off market deals where the seller is working with an agent. The property isn't listed and they're willing to sell to me. I'm trying to get it under contract but they're asking for proof of funds for the pu...
Rodney Dawkins
Earnest Money question
If I have a potential deal, do I market to my end buyer before going into contract to have them put up the earnest money deposit or should I possibly go into contract first, stating a few days to give the deposit?