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Tag Archives: using security deposits for damage

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 […]