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Skyy God 05-01-2019 10:39 AM

Quote:

Originally Posted by Amnorix (Post 14245479)
If you're in Missouri, go to page 11 of this:

https://www.ago.mo.gov/docs/default-...-tenantlaw.pdf


You can sue to recover up to twice the amount unlawfully withheld.

Your statutory citation is Section 535.300 of the Missouri Revised Statutes.

https://law.justia.com/codes/missour...ction-535.300/


At 2x the security deposit, but no recovery of attorneys fees (very much disfavored in the US under nearly all circumstances), you're almost certainly bringing a small claims action, and would NOT hire an attorney at any point along the way. The lawyer will eat up your 2x security deposit quicker than you can say "What the ****? These guys are EXPENSIVE!"

So that's it. Call them and explain it, or else file a small claims action.

Better yet, send them a certified letter indicating you have documentation of the pristine condition you returned their property in. Tell them if your deposit isn't fully returned in 7 days, you'll file in small claims and seek double damages under R.S.Mo 535.300.

You'll likely get paid.

Or just keep bitching about it on the internet like an ineffective, impotent millennial. Your call.

Hammock Parties 05-01-2019 11:27 AM

drafting certified letter

cooper barrett 05-01-2019 11:37 AM

Why is he out of a bunch of money? If he wins they pay his atty fees. right?:D:D No They don't

Threatening to hire atty ("plus atty fees") usually gets the door slammed in your face. An 800lb gorilla doesn't waiver when threatened but there are ways to get people to act, unless they have already rallied the lawyers who say their fine.


Quote:

Originally Posted by Amnorix (Post 14245471)
A lawyer IS GUARANTEED to cost you money though.

I can't speak to whatever state you're in. Hell, I don't even know what state you're in. Here in Massachusetts, however, withholding a security deposit would be a massive no no, and would result in paying multiple times the amount of the security deposit, plus attorneys fees.

Given how complex security deposits are here, landlords are actively discouraged from even having them. The Communist Commonwealth is so tenant-friendly it's unbelievable.

So I would:

1. check the laws to see what provisions apply to security deposits, and their return, and

2. call them, once you know WTF you're talking about, and politely explain that you havent' received your security deposit check back, and if you don't get it, then under Section ___ of the [law], you will be entitled to -- whatever, double or triple damages, plus attorneys fees.

At that point, they should know they're not dealing with some idiot, and cut the check pretty quickly.

Or pay a lawyer to do basically the same thing, except now you're out a bunch of money.

Is there a thread for placing bets on how this comes out?

Skyy God 05-01-2019 11:40 AM

Quote:

Originally Posted by cooper barrett (Post 14245691)
Why is he out of a bunch of money? If he wins they pay his atty fees. right?:D:D

Threatening to hire atty ("plus atty fees") usually gets the door slammed in your face. An 800lb gorilla doesn't waiver when threatened but there are ways to get people to act, unless they have already rallied the lawyers who say their fine. Just remember if you sue them and lose you are paying their atty's fees and yours.

Threatening to hire an attorney is a rookie mistake. No surer way to indicate you don’t know how much they charge.

oldman 05-01-2019 11:49 AM

Quote:

Originally Posted by Dartgod (Post 14245368)
<iframe width="560" height="315" src="https://www.youtube.com/embed/oa1ez7yL_T4" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

This.

It flat out amazes me that practically everyone carries a cell phone in their pocket and there are millions of landlines out there, but no one seems to want to talk to anyone. Pick up the damn phone and call them before you do anything else. You're going to feel pretty damn foolish when you get home and find your check in the mailbox.

Hammock Parties 05-01-2019 12:00 PM

Quote:

Originally Posted by oldman (Post 14245711)
This.

It flat out amazes me that practically everyone carries a cell phone in their pocket and there are millions of landlines out there, but no one seems to want to talk to anyone. Pick up the damn phone and call them before you do anything else. You're going to feel pretty damn foolish when you get home and find your check in the mailbox.

THEY BROKE THE LAW!!!!!

Skyy God 05-01-2019 12:06 PM

Quote:

Originally Posted by Hammock Parties (Post 14245674)
drafting certified letter

Good boy.

/pats head

Hammock Parties 05-01-2019 12:35 PM

printed certified letter

BlackHelicopters 05-01-2019 01:41 PM

Your vagina is leaking

threebag 05-01-2019 01:43 PM

Quote:

Originally Posted by eDave (Post 14244618)
You've got time to draft a letter but no time to place a simple phone call?

You are off base.

He’s a Beta

His Ex probably paid the deposit TBH

Hammock Parties 05-01-2019 01:46 PM

Quote:

Originally Posted by threebag02 (Post 14246008)
He’s a Beta

His Ex probably paid the deposit TBH

we split it

i already paid her off when i kicked her out

stfu

cooper barrett 05-01-2019 01:53 PM

So if they mailed the check to her... you taking her to court?

Hammock Parties 05-01-2019 01:55 PM

Quote:

Originally Posted by cooper barrett (Post 14246039)
So if they mailed the check to her... you taking her to court?

i'm the only one on the lease genious

threebag 05-01-2019 02:04 PM

Maybe they are going to deduct for the trail of self inflicted cum stains

MahiMike 05-01-2019 02:06 PM

Oh man. Been a landlord 15 years. Never heard this one before.

Hammock Parties 05-01-2019 02:26 PM

Quote:

Originally Posted by MahiMike (Post 14246054)
Oh man. Been a landlord 15 years. Never heard this one before.

STFU

30 days

oldman 05-01-2019 02:34 PM

Quote:

Originally Posted by Hammock Parties (Post 14245818)
printed certified letter

No doubt on a company printer, using company paper and ink.

Fire Me Boy! 05-01-2019 02:38 PM

You're acting like a child. Pick up the damn phone and talk to someone.

ToxSocks 05-01-2019 02:39 PM

Jesus, GoChiefs. I never took you to be such a pussy. Why are you so afraid to call?

That takes so much less effort than sending an email or drafting and sending a certified letter.

That's quite a bit of hassle and time you put yourself through to avoid a phone call. Very weird.

Graystoke 05-01-2019 02:42 PM

This sounds like my kids. They refuse use the simple phone to talk to people...you know..to get things done.
Good luck though

Otter 05-01-2019 02:50 PM

Quote:

Originally Posted by Detoxing (Post 14246121)
Jesus, GoChiefs. I never took you to be such a pussy.

He's looking for attention.

He's still the insecure, fat, momma's boy that's been smearing shit on the walls of CP for years and somehow when it's temper tantrum time, it's been tolerated for some reason.

Back to romper room goatshit, man child! It's your home.

Hammock Parties 05-01-2019 02:53 PM

Quote:

Originally Posted by Detoxing (Post 14246121)
That's quite a bit of hassle and time you put yourself through to avoid a phone call. Very weird.

An e-mail is all that should be necessary.

As the law is currently on my side I'm good.

luv 05-01-2019 02:58 PM

I'm sure it's been said, but hiring a lawyer to settle this for you would probably cost you more than the amount of the deposit. Take it to small claims court. Put down that you want to amount of the deposit plus court costs as damages.

MahiMike 05-01-2019 03:00 PM

Is this a company or an individual? Could be he's out of town. Just call.

Hammock Parties 05-01-2019 03:03 PM

Quote:

Originally Posted by MahiMike (Post 14246155)
Is this a company or an individual? Could be he's out of town. Just call.

Company. Rotten one.

Rain Man 05-01-2019 03:08 PM

Quote:

Originally Posted by Graystoke (Post 14246127)
This sounds like my kids. They refuse use the simple phone to talk to people...you know..to get things done.
Good luck though

On a different note, I've found that younger visitors to my home will text me when they're at the door instead of ringing the doorbell. I find that very, very odd.

Iowanian 05-01-2019 03:30 PM

they'll probably say you didn't move the stove and clean behind it or some other shady tactic.

BryanBusby 05-01-2019 03:32 PM

Quote:

Originally Posted by Iowanian (Post 14246225)
they'll probably say you didn't move the stove and clean behind it or some other shady tactic.

I don't think they can do that, even if he actually had, by this point. They didn't respond in proper time.

Hammock Parties 05-01-2019 03:33 PM

Quote:

Originally Posted by Iowanian (Post 14246225)
they'll probably say you didn't move the stove and clean behind it or some other shady tactic.

they've lost any rights to shady tactics

it's past 30 days without notice

they owe me cold hard cash

FURTHERMORE THEY CAN'T EVEN RESPOND TO EMAILS IN 48 HOURS

I OWE THEM NOTHING

Hog's Gone Fishin 05-01-2019 03:47 PM

I used to only charge a $200-$300 deposit on a $700 rental. People ALWAYS left a ****ing mess because they didn't care about $200. Then I started charging deposit same as rent and people seem to care more.

That being said, if they leave the place clean and ready to rent I return their full deposit and do so right away. Always within 7 days. I've always treated people the way I want to be treated.

Sassy Squatch 05-01-2019 03:50 PM

LMAO I really hope if this somehow ends up in small claims court you've settled down by then, or you're going to get a hell of a stiff dick slap by the judge.

Loneiguana 05-01-2019 03:52 PM

Quote:

Originally Posted by Hammock Parties (Post 14246235)
they've lost any rights to shady tactics

it's past 30 days without notice

they owe me cold hard cash

FURTHERMORE THEY CAN'T EVEN RESPOND TO EMAILS IN 48 HOURS

I OWE THEM NOTHING

I had a leasing company try to charge for damages after the 30 day mark. (College town, sleazy landlords scamming college kids just expecting mommy or daddy to pay or something).

The issue was resolved by going in there and letting them know I knew what the law says and pointing out they did not meet the deadline.

Seriously, just try talking to them. If it worked for me when I was 21 it can work for you.

Iowanian 05-01-2019 03:59 PM

Quote:

Originally Posted by BryanBusby (Post 14246231)
I don't think they can do that, even if he actually had, by this point. They didn't respond in proper time.

When my wife was just a girlfriend, who lived with a couple of roomates....they moved out of an apartment. I had been there for the moving and the cleaning, and they did a nice job leaving it in move-in condition.

I'd helped work on rentals a lot over the years.

The landlord kept their deposit, saying they hadn't cleaned under or behind the stove. Said it was a clause...I'm guessing he used it to keep the deposit every time.

I called him on their...we had words. He said he was recording me and other shit. I explained that he would pay them.

Somehow, over the next few months...sand kept winding up in his home hot tub and other oddball maintenance issues likely turned up. Weird.


In college, i lived in a house with a roomate. We worked on the house, going as far as installing a shower where a clawfoot tub had been, painted the interior and other improvements(agreed upon by the landlord). There were hippies upstairs that were using my phoneline(not separated I guess) and other problems that cost me money. My dad had surgery and i was out of town and my rent was a couple of days late....and she was a B about it.

FFW, we buy a place and move out with notice...clean etc. She says she's not returning our deposit. Basically tried to bully me as a dumb college kid, except my family had rental experience. I threw down about it and demanded my money and she started telling a sob story about her husband being arrested and needing the money for attorneys or bail or something....and basically said her sons would kick my ass.
Can't recall the details but I basically told her to have them bring my f-g money when they came over, and reminded her that 2 days late rent due to my dad's surgery wasn't a concern to her...I didn't give a shit about her family problems. business is business.

She drove to my new place and gave me my money.


In short....If you're right and did the right thing and left the place in good order.....stand your ground and fight for your money on principal. Call them, write them...document each contact.....and go file a small claim case.

eDave 05-01-2019 04:17 PM

It's the principle!

Eh, he just wants that sweet double deposit refund now. I say go for it, but don't spend over $1100 to do it. Otherwise, MAKE A DAMNED PHONE CALL.

BlackHelicopters 05-01-2019 04:19 PM

Hiring a lawyer for a $150 rat hole deposit? Change your pad.

BryanBusby 05-01-2019 04:23 PM

Quote:

Originally Posted by Iowanian (Post 14246305)
When my wife was just a girlfriend, who lived with a couple of roomates....they moved out of an apartment. I had been there for the moving and the cleaning, and they did a nice job leaving it in move-in condition.

I'd helped work on rentals a lot over the years.

The landlord kept their deposit, saying they hadn't cleaned under or behind the stove. Said it was a clause...I'm guessing he used it to keep the deposit every time.

I called him on their...we had words. He said he was recording me and other shit. I explained that he would pay them.

Somehow, over the next few months...sand kept winding up in his home hot tub and other oddball maintenance issues likely turned up. Weird.


In college, i lived in a house with a roomate. We worked on the house, going as far as installing a shower where a clawfoot tub had been, painted the interior and other improvements(agreed upon by the landlord). There were hippies upstairs that were using my phoneline(not separated I guess) and other problems that cost me money. My dad had surgery and i was out of town and my rent was a couple of days late....and she was a B about it.

FFW, we buy a place and move out with notice...clean etc. She says she's not returning our deposit. Basically tried to bully me as a dumb college kid, except my family had rental experience. I threw down about it and demanded my money and she started telling a sob story about her husband being arrested and needing the money for attorneys or bail or something....and basically said her sons would kick my ass.
Can't recall the details but I basically told her to have them bring my f-g money when they came over, and reminded her that 2 days late rent due to my dad's surgery wasn't a concern to her...I didn't give a shit about her family problems. business is business.

She drove to my new place and gave me my money.


In short....If you're right and did the right thing and left the place in good order.....stand your ground and fight for your money on principal. Call them, write them...document each contact.....and go file a small claim case.

The last apartment I lived in tried to keep my deposit. It was only around 350'ish, but hey whatever it was still my money.

I sent a certified letter demanding it or detailing how I planned to take legal action if I didn't. They overnighted a check and tried to keep part of it for 'upgrades'

I made up a fake lawyer letterhead and demanded the rest or they were going to face severe financial damages. They sent the rest. ****ers weren't even smart enough to google the name and firm LMAO

Iowanian 05-01-2019 04:29 PM

Quote:

Originally Posted by BlackHelicopters (Post 14246354)
Hiring a lawyer for a $150 rat hole deposit? Change your pad.

Personally, I'd take care of it myself with calls, correspondence and small claims if necessary.

I feel like the principal is worth it sometimes. I spent a couple grand fighting a bullshit $450 speeding ticket a couple of years ago. I won. Yeah, it cost money but it was the general principle.

When you're wrong, take your medicine...when you're not, fight like hell.


I'd probably call them a couple of times a day and see if my check had gone out yet.

Hammock Parties 05-01-2019 04:45 PM

Don't need a lawyer. LMAO

Hammock Parties 05-01-2019 04:47 PM

Quote:

Originally Posted by BlackHelicopters (Post 14246354)
Hiring a lawyer for a $150 rat hole deposit? Change your pad.

It was $1100.

'Hamas' Jenkins 05-01-2019 04:56 PM

This thread is a perfect microcosm for its own existence. Instead of spending five minutes on the phone, 200 posts and two days are spent arguing over whether or not to draft a far more inefficient form of communication.

Stop being a grifter and coward and just call and ask about the holdup of the deposit.

Hammock Parties 05-01-2019 04:58 PM

Quote:

Originally Posted by 'Hamas' Jenkins (Post 14246476)
This thread is a perfect microcosm for its own existence. Instead of spending five minutes on the phone, 200 posts and two days are spent arguing over whether or not to draft a far more inefficient form of communication.

Stop being a grifter and coward and just call and ask about the holdup of the deposit.

You should be thankful.

I got my money back, we got this thread.

You're welcome, CP.

https://media1.tenor.com/images/200c...itemid=8390075

cooper barrett 05-01-2019 05:09 PM

I thought you were due like 1500... spinning it again?

Hog's Gone Fishin 05-01-2019 05:12 PM

Quote:

Originally Posted by Hammock Parties (Post 14246440)
Don't need a lawyer. LMAO

So your deposit arrived?

Hammock Parties 05-01-2019 05:14 PM

Quote:

Originally Posted by Hog's Gone Fishin (Post 14246526)
So your deposit arrived?

Indeed. Postmarked 4/29.

Sassy Squatch 05-01-2019 05:18 PM

You're a geek, you know that?

Miles 05-01-2019 05:19 PM

Quote:

Originally Posted by 'Hamas' Jenkins (Post 14246476)
This thread is a perfect microcosm for its own existence. Instead of spending five minutes on the phone, 200 posts and two days are spent arguing over whether or not to draft a far more inefficient form of communication.

Stop being a grifter and coward and just call and ask about the holdup of the deposit.

The resistance to what should very obviously be the next step is pretty amusing.

The last time I ever rented the management company didn’t get me my deposit in a reasonable amount of time. I called them and they made some lame excuse for the delay but otherwise sent it right out. Took a few minutes at most.

Miles 05-01-2019 05:21 PM

Quote:

Originally Posted by Hammock Parties (Post 14246532)
Indeed. Postmarked 4/29.

Didn’t even get hit with some BS nitpick to reduce?

Fire Me Boy! 05-01-2019 05:21 PM

Quote:

Originally Posted by Hammock Parties (Post 14246532)
Indeed. Postmarked 4/29.

So in other words, your panties were in a was over nothing?

Sassy Squatch 05-01-2019 05:22 PM

So if you would've just called, it goes like this.

You: Where's my money, you assholes?

Them: In the mail.

You: Oh, okay.

Hammock Parties 05-01-2019 05:23 PM

Quote:

Originally Posted by Superturtle (Post 14246540)
You're a geek, you know that?

did you know that www.certifiedmaillabels.com offers a very quick and convenient way to print certified mail labels that you can easily drop in your mailbox instead of making a time consuming-visit to the post office?

Hammock Parties 05-01-2019 05:24 PM

Quote:

Originally Posted by Miles (Post 14246546)
Didn’t even get hit with some BS nitpick to reduce?

I probably could have nitpicked but we're talking a couple hundred dollars.

Not worth it considering their reputation for ****ery.

Mr. Kotter 05-01-2019 05:34 PM

Quote:

Originally Posted by Hammock Parties (Post 14244294)
I think not.

I waited 30 days and sent an e-mail.

Now I'm looking into other options since apparently they don't abide by the law and ignore their customers.

I bet you'd be the first to whine if a cop gave you a speeding ticket for 2 mph over, too...amiright? :rolleyes:

Quote:

Originally Posted by Hammock Parties (Post 14246532)
Indeed. Postmarked 4/29.

You are an idiot....

Hammock Parties 05-01-2019 05:37 PM

Quote:

Originally Posted by Mr. Kotter (Post 14246587)
I bet you'd be the first to whine if a cop gave you a speeding ticket for 2 mph over, too...amiright? :rolleyes:

I've been caught speeding twice and paid my fine both times.

I haven't been caught in over a decade. I obey the law.

eDave 05-01-2019 05:39 PM

Quote:

Originally Posted by Superturtle (Post 14246551)
So if you would've just called, it goes like this.

You: Where's my money, you assholes?

Them: In the mail.

You: Oh, okay.

Pretty much.

eDave 05-01-2019 05:39 PM

Quote:

Originally Posted by Hammock Parties (Post 14246532)
Indeed. Postmarked 4/29.

LMAO


This is freaking funny.

Hammock Parties 05-01-2019 05:41 PM

I really drafted a gorgeous letter.

It was sinister.

Sassy Squatch 05-01-2019 05:42 PM

Quote:

Originally Posted by Hammock Parties (Post 14246604)
I really drafted a gorgeous letter.

It was sinister.

Share it. You're already covered in your own shit, so go all the way.

Hammock Parties 05-01-2019 05:54 PM

Quote:

Originally Posted by Superturtle (Post 14246607)
Share it. You're already covered in your own shit, so go all the way.

To: Slumlord Millionaire

From: Hammock Parties


Slumlord Millionaire,

It has been more than 30 days since my lease at 1234 **** St, Kansas City MO 12345 expired.

The premises were fully cleaned and left in excellent condition, with the details of said condition digitally documented and witnessed by a third party. A professional carpet cleaning was performed, with a receipt provided in addition to the return of keys and garage door opener at your offices.

A forwarding address at 123 Jackass Street, Kansas City MO 12345 was provided.

Per Missouri statute 535.300:

3. Within 30 days after the date of termination of the tenancy, the landlord shall:

(1) Return the full amount of the security deposit; or

(2) Furnish to the tenant a written itemized list of the damages for which the security deposit or any portion thereof is withheld, along with the balance of the security deposit.

The landlord shall have complied with this subsection by mailing such statement and any payment to the last known address of the tenant.

6. If the landlord wrongfully withholds all or any portion of the security deposit in violation of this section, the tenant shall recover as damages twice the amount wrongfully withheld.

At the time of this writing (5/2/2019), no security deposit has been returned and Slumlord Millionaire is fully in violation of Missouri statute 535.300.

Furthermore, attempts to contact your office via e-mail and text message to resolve this matter have been ignored.

Please send a check for $2,200 – the damages owed, or twice the rental deposit of $1,100, per Missouri statute 535.300 – to the provided forwarding address.

Further attempts to ignore this matter will result in legal ramifications.

Have a great day.

eDave 05-01-2019 05:55 PM

Pretty good letter.

Sassy Squatch 05-01-2019 06:00 PM

Cash the check then send the letter anyway.

Hammock Parties 05-01-2019 06:09 PM

Quote:

Originally Posted by Superturtle (Post 14246644)
Cash the check then send the letter anyway.

i don't cash checks my write can't ass

Hog's Gone Fishin 05-01-2019 06:17 PM

Quote:

Originally Posted by Hammock Parties (Post 14246657)
i don't cash checks my write can't ass

?

Is this a real sentence?

Hammock Parties 05-01-2019 06:21 PM

Quote:

Originally Posted by Hog's Gone Fishin (Post 14246666)
?

Is this a real sentence?

saves a time in nine stitch

BryanBusby 05-01-2019 06:37 PM

send it to cooper

Sorry 05-01-2019 06:39 PM

Your Alex Smith defecation mural is taking longer to remove than previously thought...give it another day or two

patteeu 05-01-2019 06:45 PM

Quote:

Originally Posted by Sorry (Post 14246718)
Your Alex Smith defecation mural is taking longer to remove than previously thought...give it another day or two

LMAO

Sweet Daddy Hate 05-01-2019 06:51 PM

Clay, you need to go to the law firm of Ronald, Grimace, and Cheeseburgler. That way you can get your mclawyer on and save some money for this pitiful little deposit case that you are currently pursuing.

threebag 05-01-2019 07:39 PM

I hope they send a couple of enforcers over to the 1/4 bedroom bungalow and piss pound your ass on your neighbors porch.

Pablo 05-01-2019 07:44 PM

We all know you went down there and got that check in person today.

https://encrypted-tbn0.gstatic.com/i...5PzY0yqx4duEhR

cooper barrett 05-01-2019 08:00 PM

Quote:

Originally Posted by BryanBusby (Post 14246709)
send it to cooper

I'd just send him back $2200, because the law is the law.


https://encrypted-tbn0.gstatic.com/i...0q_nO82r5ZJ_Oi

eDave 05-01-2019 08:04 PM

Quote:

Originally Posted by cooper barrett (Post 14246872)
I'd just send him back $2200, because the law is the law.


https://encrypted-tbn0.gstatic.com/i...0q_nO82r5ZJ_Oi

That's not $2,200, Einstein.

cooper barrett 05-01-2019 08:05 PM

Did you take the check to their bank, get cash, and siphon some off before sending the money to your MaMa?

Hammock Parties 05-01-2019 08:05 PM

There is more to this story....it could have gone very poorly for me. Suffice it to say I lived with impunity.

I shall reveal in a few weeks...

Hammock Parties 05-01-2019 08:06 PM

Quote:

Originally Posted by cooper barrett (Post 14246883)
Did you take the check to their bank, get cash, and siphon some off before sending the money to your MaMa?

I used my mobile deposit app to put that cold hard cash in my bank account....to which I alone have my access...my mother won't even spring for gas these days when I visit....the cheap old nag...

cooper barrett 05-01-2019 08:07 PM

Quote:

Originally Posted by eDave (Post 14246880)
That's not $2,200, Einstein.

No shit, do I look life I looked at 600 pics looking for an $2200 photo?

Don't you have some carpet to munch on?

threebag 05-01-2019 08:13 PM

Quote:

Originally Posted by cooper barrett (Post 14246889)
No shit, do I look life I looked at 600 pics looking for an $2200 photo?

Don't you have some carpet to munch on?

Her boyfriend is still awake

cooper barrett 05-01-2019 09:50 PM

I grew up in that business, both my Aunt and my Mother worked for a large firm at 10th and Grand and then Wm C Haas and Co and both companies managed a huge numbers of units.

They keep your money in the bank as long as they possibly can and run a strict schedule for issuing them as the interest on that money is a profit center for them.

I will agree that the opportunity to **** with the dickheads is there, such as having the check issued but held, thrown in trash, or eaten by your dog. It is not something that is going to get you Attboys from the upstairs offices.

The one thing I fear is a pissed off SC judge or a municipal court judge who's wife's cooking sucks ass. Learned from both of them.

JohnnyV13 05-01-2019 11:54 PM

Quote:

Originally Posted by cooper barrett (Post 14247056)
I grew up in that business, both my Aunt and my Mother worked for a large firm at 10th and Grand and then Wm C Haas and Co and both companies managed a huge numbers of units.

They keep your money in the bank as long as they possibly can and run a strict schedule for issuing them as the interest on that money is a profit center for them.

I will agree that the opportunity to **** with the dickheads is there, such as having the check issued but held, thrown in trash, or eaten by your dog. It is not something that is going to get you Attboys from the upstairs offices.

The one thing I fear is a pissed off SC judge or a municipal court judge who's wife's cooking sucks ass. Learned from both of them.

Float. It's huge when you're dealing in big #'s. See Wal Mart

cooper barrett 05-02-2019 02:33 PM

15k units X $1000.

Float is something else, this is investing the deposit money and keeping it in play as long as possible before cutting the check. Float can be considered the time between cutting a check and the recipient's bank drawing the funds from the issuing bank.

Mailing checks on Friday is a regular occurrence as the checks will not make it back to issuer's bank before Monday.

Either way, If interest is calculated daily on the issuer's account they make more money. If it's paid on average daily balance, they make more money...


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