All Forum Posts by: Marcin Nurek

@Randy E. , just to clarify, she has never moved in. She never picked up the keys that first day. This is a high demand property, I have 4 showings back to back today with move in day of Sept 1. I know I can lease it in 3 weeks, yet still no signed new lease. My contract does not specify such situation. I will see how my new screenings turn out and if I can rent it without a loss, I will return the security deposit. Thank for the input. Always something new and unexpected comes up.

Back in June I have received a security deposit and in July first month payment for a lease starting on August 1 move in date. On August 1 I was informed by the tenant she is breaking the lease due to some family issues and will not be moving in. First she acknowledged loosing security deposit and first month rent, but now she is asking for some refund.  What would you do, keep it all or refund half? If I refund, I will be at loss. The place is vacant now and my next tenant will move in on September 1.

Scott, what is your starting capital and strategy to acquire properties?