Re: Maintenance on Mobile Homes - Landlord Forum thread 326055

Re: Maintenance on Mobile Homes by John Farmer (Florida) on October 21, 2014 @11:48

How do you know what I know? I don't know the laws that apply? Are you sure about that? Yes, Garbage in, garbage out. That is the point of this thread is to try to make sure I am putting good stuff in the equation.

According to Sec. 83 of the Florida Statutes, you have to keep the security deposit in a separate account and either it has to be non-interest bearing, or if it is interest-bearing, you have to give them 75% of the interest, or a 5% return, at your discretion. But I wouldn't know that, would I?

[ Reply ] [ Return to forum ]

Re: Maintenance on Mobile Homes by Anonymous on October 21, 2014 @11:57	[ Reply ]

Do you know your county or city ordinances that apply to you and your rental? Do you know the Discrimation laws that apply on Federal, State, County and City levels? Do you know how to handle damage to your mobil home from major storm damage as it pertaians to the lease. Do you know what the requirements for a handyman license is in Florida? The list goes on and on... You have no idea right now what to do to be a landlord...based on your questions...and like not knowing what insurance requirements are needed. You will not learn it all here! You are nowhere ready to be a landlord!

Re: Maintenance on Mobile Homes by Anonymous on October 21, 2014 @12:03	[ Reply ]

I agree, John has no idea what it takes. Just look at the fact that he believes insurance as something not needed. Just a wana be landlord who spends too much time reading books that don't apply to real life landlord situations.

Re: Maintenance on Mobile Homes by John Farmer (Florida) on October 21, 2014 @12:24	[ Reply ]

If you look closer, I thought I could get away with not having insurance on a USED MOBILE HOME for a brief period, but then realized it was necessary. Discrimination laws? Don't discriminate. Why would I in the first place? Law is easy. All you have to do is know how to read.

Re: Maintenance on Mobile Homes

Re: Maintenance on Mobile Homes by John Farmer (Florida) on October 21, 2014 @12:29	[ Reply ]

And yes I know what requires a license and what does not from the Florida Department of Business and Professional Regulation. The property I currently have is not within the boundaries of a municipality, and I do know that you can find county and municipal codes on municode.com, but there is nothing in there that will override the Florida Statutes. But I guess these could be considered speculative troll posts until I actually have something to rent out. Just building that credit.......

Re: Maintenance on Mobile Homes by Shaun (Fl) on October 21, 2014 @14:03	[ Reply ]

According to Sec. 83 of the Florida Statutes, you have to keep the security deposit in a separate account and either it has to be non-interest bearing, or if it is interest-bearing, you have to give them 75% of the interest, or a 5% return, at your discretion. But I wouldn't know that, would I? 1.Not if your lease states that no interest will be paid. 2. Business accounts (and many personal) do not pay interest until $$$$ is in the account. Your single security deposit will not amount to enough to generate interest. Right now interest is less than 1%... your are talking about writing a check for pennies....Hence why I have it in my lease no interest will be paid. The printed check would cost more than the interest.

Re: Maintenance on Mobile Homes by John Farmer (Florida) on October 21, 2014 @14:09	[ Reply ]

I was just using this as an example to show that I do know about the laws (a good portion of them anyway). I know it's basically a non-issue You cannot write anything in a lease that will override the statutes. I don't have to be an experienced landlord to know that. Unless it states that in the statutes.

Re: Maintenance on Mobile Homes by Shaun (Fl) on October 21, 2014 @15:09	[ Reply ]

You cannot write anything in a lease that will override the statutes. Read statutes carefully... some FL are optional. Such as paying interest. I have it in my lease that I will not pay interest. My attorney is the one that told me to put in there b/c of the account the SD are in. Early Termination clause. LL does not have to offer an Early Termination Option. I happen to. As for Security Deposits. There is FL Case law against having security deposit (SD) in a separate account. In that case, the SD was NOT in the LL's personal account. In other words he did not co-mingle personal $$ with rental $$. And accounts had more than enough $$ to pay / refund SD.