I use the security deposit (and the first month's rent) as a test case to see if the potential tenant will be able to pay rent on time. If they can't come up with a security deposit and 1st Month's rent prior to w...
Hi,So I'm getting started renting out rooms. I'm thinking to make one an Airbnb and the other a long term rental. In either case, I think it might be a nice amenity for a guest to have a lock on their door to "feel sa...
Hi there I have my first rental and it is rented for August 2024-July 2025. I am targeting college students. There is a student interested in renting for 2025/26 school year. How do I handle the security deposit? Do ...
Hi. I live in California, and I recently purchased a rental property in Florida. As far as I understand, Florida law requires to hold a security deposit and advance rent on separate accounts in a "Florida banking inst...
More and more Utility companies make it the responsibility of the landlord when the tenant has an outstanding utility bill at move-out even so the lease mandates for the tenant to be responsible for the utilities. Has...
Hey folks - I recently got a question as to whether having an STR manager is worth it or not. There's a lot of chatter, so let's break down what Cohosts/STR managers really do and if working with one makes sense for y...
Has anyone done an extension on an open ended loan? I am familiar with the concept, but not so much with the nuts and bolts of how to get it done. I believe there needs to be a new note and security instrument. Not...
From reading Brandon Turner's Book on Managing Rental Properties, on his Deposit to Hold Agreement sheet, he writes, "Other Move in Funds must be paid in amount of: $__".What are other move in funds?
Can I secure a signed lease with the current occupant prior to closing? This will help to avoid a timing problem with leasing the home after closing because fewer people are looking. ...
Hi,Who knows if it possible to issue a secured promissory note to a private lender and :- invest in real estate securities through private equity funds (vs. typical direct investments) ?- mention in the promissory not...