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Tag Archives: using security deposits for damage

Landlord’s Guide to Deposits and Reasonable Charges for Tenant Damage

Landlord's Guide to Deposits and Reasonable Charges for Tenant Damage

Disputes over a tenant’s security deposit can cause stress and even court battles for property owners. That said, handling a security deposit is not as simple as collecting the amount you want and keeping it to cover any repairs at the end of the lease. Instead, careful preparation, a legal lease, and knowledge of the […]

When and How Can Landlords Make Tenants Pay for Repairs?

When and How Can Landlords Make Tenants Pay for Repairs?

For landlords and tenants, the line between damages and normal wear and tear must be clearly defined from the start. Therefore, it is critical to outline what happens when repair issues arise to prevent disputes down the road. In general, landlords cover the cost of any standard maintenance in the rental property. That said, some […]

How to Create a Comprehensive Move-In Inspection Checklist

How to Create a Comprehensive Move-In Inspection Checklist

The application and move-in process for a rental property includes several essential steps. A move-in inspection is just one of the steps, but it is crucial for both landlords and tenants. Documenting the property’s condition upon move-in creates a baseline to compare with the move out inspection. Determining what is damage and normal wear and […]

Efficient Property Turnover Tips for Rentals to Minimize Vacancy

Efficient Property Turnover Tips for Rentals to Minimize Vacancy

In a perfect world, one lease would end, and another would begin immediately after. Unfortunately, it is not an ideal world, and property turnover remains a vital property manager’s responsibility.  The success of this endeavor relies on a stable process, trustworthy vendors, planning, follow-up, and attention to detail. As a property manager, you can take […]

What Is a Rental Security Deposit and Why Is It Important?

why is a security deposit important

Security deposits are an essential part of rental property management. No one likes to think about things going wrong, but a security deposit provides just that – security against unexpected situations such as damages and lease breaks. Deciding how much to charge is just as important as understanding what a security deposit can be used […]

The Top 5 Reasons to Collect a Security Deposit

Obtaining a security deposit is one of the most important things a landlord can do before renting out their Howard County property. In fact, those that do not require a security deposit from their tenants often face many costly expenses when their tenant moves out. Unfortunately this leaves the landlord responsible for damage to their […]