Carlos Lez
Holding Deposit requirement for CA
Dear Fellow members,
A prospective tenant put down a deposit to hold an apartment and it was immediately taken off the market. They then came around a week later to say they have changed their mind and their financia...
Account Closed
Deposit requirement for a new lease
Hey guys, question regarding the hold deposit for a new lease. I'm requiring the first, last and security of 1 month for a new lease. I think that's pretty standard. One thing I don't know is, do people require yet...
Aaron Moye
Advice on Financing Escrow Deposit Requirements?
Hi BP family!
I just went under contract on a property in Cleveland Heights. We were notified that prior to the transfer of title, we will need to establish an escrow account with funds equal to 125% of the estimated...
Tamas Z.
Security deposit and interest requirements
Hello,What are some of your standards on how much security deposit you collect for your commercial leases? Is it something based on credit score, e.g. "fair = 3 months rent, good = 2 months rent, very good+ = 1 month ...
George Drivas
Warm hands, cold feet. Help
Greetings! Noob here with some questions.I've been reading about REI for years and am finally ready to jump in. I live in Charlotte NC and am looking at buying a REO 4plex as a buy and hold rental. I'm looking for ref...
Mary K.
Ohio require interest on security deposits?
I need to return part of a security deposit on a tenant who lived in a rental in central Ohio for 3 years. The deposit was equal to one month's rent. Am I required to give him 3 years worth of interest on the security...
Eric Wehrman
Should I require a larger deposit
I have a guy who wants to rent a house he had a eviction in his early twenties roughly 7 years ago he's willing to put down twice the deposit should I do this or not it appears he's turned his finances around
Benjamin Cuddy
Landlord security deposit/bank account requirements
Hello all,I am a new investor with one single family property. I will soon be putting my property on the rental market and am making sure I have things in order to do so. Would someone be able to fill me on in what ...
Nicole Camarao
203K Loans - how much deposit is required?
Hello, I am interested in a 203K Loan for rehabbing but not sure of the deposit required?
Account Closed
Any advice how to deal with nonrefundable deposit requirement?
Hi,In October I sent out a letter to an owner of the MHP asking if he would be interested to sell his park. In November I received a reply that yes he is interested to sell, so after few back and forth, I sent out sig...