Hi All, on 1/31 I closed on my 4 unit. Going to close I noticed one lease had a signed addendum by tenant and landlord. It stated that she had given there deposit back to them. My attorney went after the issue very st...
Hey BPI was talking with a fellow commercial RE developer and he was telling me about tying up properties (mostly land) with LOIs and not putting down deposits. It is understood that you can structure a LOI where you ...
Hi, I was wondering what you think about not taking security deposits, since I happen to think people would rent such an apartment much faster. thank you
I just bought a property, 2 houses, both with existing tenants. There was never any damage deposit in the old lease. Should I charge a damage deposit or continue status quo? Not sure how to enact a new damage deposit...
I am renting out my unfurnished 2BR / 2 BA townhouse for $2k/month. Security deposit is $3,500 + first and last month's rent are the move-in costs, bringing it to $7,500. Right now I got 2 prospective tenants, both wo...
I noticed a lot of my fellow landlords in my area are not requiring a deposit for section 8. What is the thinking behind that? Do these tenants treat your property better? Is it because section 8 people don't have cas...
I recently bid on Hubzu after a long absence and noticed they did not require a deposit. Anyone know if this is now the way they work or did i miss something? thanks!
Seems to be all too common situation with me. Who the hell moves in a tenant with no deposit in a C neighborhood I have no idea. When it comes time to renew the lease here are my thoughts.... These folks have no money...
I am currently in contract for two duplexes. They both have paying tenants on month to month leases. The issue is that none of them have deposits. What are some suggestions for handling this situation? If anything...
Hello,
Looking for advice on tenant property damage.
I live in a duplex in LA county where I occupy one of the units. Today my neighbor/tenant crashed into the wrought iron fence that fences off the property, warpin...