Landlord Advice

Deposit Stays Until Property is Vacant

Deposit Stays Until Property is Vacant "My 15 year resident is moving out and is asking for his $500 deposit. His cousin moved in 2 years ago and is on the lease. They are staying but can't afford to pay a $500 deposit. Not sure how to respond? Thanks!" Several landlords responded with pretty much the same answer: "The deposit always stays with...

A New Collections Hammer

A new collections hammer PA I have sent invoices for a number of years for monthly rent and balances due upon move out. I think I’m going to add to that; square invoices sent digitally recurring monthly automatically until it’s paid. Just let it Hammer their inbox. I might even set it up on a weekly or biweekly basis. When I send...

Business Assessment [AC]

Have you asked any of the following questions? As a business owner in the U.S., should you be asking these questions? What will my tax bill look like for 2021? Is there anything I should do in the next month to reduce that? If so, what? Does it involve spending money? Should I change my entity structure? Can I still change my legal entity structure? Am I going...

Landlord Blog: How to Show Proof of Delivery

HOW TO SHOW PROOF OF DELIVERY Certified Mail [NY] Sent certified letter to both tenants notifying them of a rent increase, respectively 12/1/21 and 1/1/22.. Neither of them picked it up or were "available for signature" (which is odd because there is always someone at home--I did not specify the signator) and it got returned back to me. These tenants are otherwise...

Landlord Blog: Leak Detectors

Leak Detectors An entire discussion by landlords was recently devoted to sharing info on devices. These devices ranged from simple audible alarm sensors that sit on the floor behind a washer or water heater, to the kind that are plumbed into the main water supply and cut off the water if a large outflow is detected. This is one of those...

Landlord Blog: Rent Increase

Rent Increase (by Lew [NC]) Posted on: Jul 28, 2021 2:51 PM I have a couple of nice duplexes in the Raleigh, NC area which is booming. I have a resident that has been in one unit for a dozen years and I never raised the rent for many reasons, the main ones being retention and to leave sleeping dogs alone...

Landlord Blog: Light Bulbs

Security Deposit Return (by Dee Ann [WI] ) Posted on: Sep 3, 2021 4:03 PM Do any of you deduct for burned out light bulbs on the security deposit? We don't mind replacing them if a ladder is involved, but I'd love the departing to acknowledge and provide the bulbs. Thoughts? We provide energy saving bulbs and tell the tenants in...

Landlord Blog: Cash for Keys

Mr LL Cash for Keys [MI] I am wondering something. I have an upcoming court date to evict a tenant for lease violations. # 1 is her deadbeat BF, who now seems to be staying full time, now that the Court paperwork has been filed with the Court. My question is: She wants cash for the keys. Do you think...

Landlord Blog: Jump to Landlord Full-Time

Landlord Full-Time Any tips on going from full time job to being full time landlord? Have 45 sfh anout. 44 years old. Wife is stay at home mom of our 9 an 10 year old, so she has no work insurance.. Insurance part scares xxx out of me. Answers: -You don't have to quit cold turkey. You use your rental income to take...

Landlord Blog: Pet Fees Q&A

Pet Fees Q&A We have a renter who will renew their lease but has now added a cat to a no pet lease. We would not object because of the circumstances but feel we should charge with the new lease. ________________________________________ I just saw this in another forum, daily cost 25bux per animal - this helps with the unseen flea and urine cleanup...