21 November 2025 | 2 replies
Check stubs, Account statements (showing deposits), and any tax documents would be best for proof of income.I haven't heard of anyone accepting a tenant based on written statements from financial advisors, I don't think this would be sufficient.
16 November 2025 | 21 replies
Quote from @Maya Jones: You should get something agreed upon for the tenants living and the remaining rent/security deposit if there is something changing from the existing lease.
21 November 2025 | 2 replies
Did you deposit the reserve money with someone else??
18 November 2025 | 22 replies
Most legit contractors will ask for a deposit if you hire them, but most investors say you shouldn't pay a deposit, which I think is terrible advice.
21 November 2025 | 0 replies
The end result is a guaranteed monthly deposit and longer average tenant stays.6.
6 November 2025 | 8 replies
How much do you charge for a security deposit?
20 November 2025 | 4 replies
- Appraisal gaps- Increase contract deposit amountIn other markets; people shorten inspection/due diligence periods, pay seller's closing costs (i.e. transfer taxes), offer to pay a higher EMD.That said, the best 'tactic' is knowing your #s, knowing how to underwrite the deal, AND knowing how to establish a relationship with the other party (i.e. seller, seller's broker, wholesaler, etc.).
18 November 2025 | 0 replies
Well i ended up purchasing an RV and renting that out for 600$ a month + a sec deposit.
24 November 2025 | 9 replies
I'm curious about this also, I've been testing Stessa but it's not intuitive and I keep finding weird glitches that make it almost more work than just entering transactions manually.At some point I found it had automatically added a full security deposit return after a move-out, despite me not having manually entered it nor there being a bank transaction - so I contacted Customer Service and then forgot about it because I was testing other software.
7 November 2025 | 2 replies
Double check the 'proof' of income, not only with employer verification, but with bank statements/deposits.3.