Brandon Sturgill
Strategies for Securing Rehab Costs
I am currently completing a live-in rehab on a SFH and looking to complete a concurrent SFH rehab/resale before relocating next year. I have a small bank willing to do a portfolio loan at 80% of purchase, 2 points ove...
Monica Evans
Deduct paint cost from security deposit?
Experienced landlords:Generally speaking, when you are turning a property between long term tenants, do consider re-painting as a “standard” part of the process? Or, do you consider that as “extra” wear and tear and d...
Jane S.
cost of repairs exceeds security deposit
I should sue for the additional cost of putting my rental back together after these folks left a whirlwind of filth, undone lease items, etc.? The furnace co. came to do maintenance, which renters never did, & he ...
Mark S.
Plumbing Cost to Secure Sink Drain to Vent Stack
My property manager had a plumber out to clear a bathroom sink clog. He detected a faint odor in the bathroom when he originally walked in. As he investigated further, he noticed that the drain line for the sink that ...
Sudhir N.
Holding back security deposit and cost of roof repair
A tenant of my property in Philadelphia recently vacated the unit after a two year stay. He had exclusive access to the rooftop of the building and in fact the rooftop could be accessed only from the unit. The post ex...
Account Closed
kitchen cabinet door repair cost out of security deposit
Hello - the tenant broke the kitchen cabinet door (the door came off completely). The cabinet was less than 3yrs old. I initially paid for repair but the repair job was not good at all - this was a lazy Susan cabine...
Max Nathan
How do I secure lending on down payment / construction costs
I'm trying to get financing lined up before I find a deal. I want to do a seller financed deal that allows me to put less down, but I still have to come out of pocket the rest of the down payment and construction cost...
Jason Mak
How much in turnover costs to you recover from security deposit?
Wanted to survey all the multifamily managers out there and ask them how much of the actual unit turnover costs do you deduct from the tenant security deposit?For example, typically if a tenant leaves the unit in good...
Christine Swaidan
May I Deduct the Cost of Installation of Appliance from Security?
Hi All,Replaced a damaged OTR microwave and will be charging tenants a portion of the cost. May I charge them for the cost of installing the new appliance?
Account Closed
What do you charge for Move in costs (1st/last/security)
Kinda need some support or a reality check for my expectations. Ok so I’ve been trying to rent one of my units and I keep bumping up against people that can’t pay first month last month and security deposit to be abl...