Let’s face it. Sometimes, accidents can happen within a rental property. Whether you accidentally break a window or your pet causes floor damage, it’s not uncommon for these scenarios to occur in a rental. However, even if it’s not your fault, it’s crucial for tenants to report any accidental damages to landlords or property managers. […]
Tag Archives: using security deposits for damage
16
Feb
Feb
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 […]
01
Feb
Feb
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 […]
10
Nov
Nov
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 […]
11
Sep
Sep
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 […]
19
Aug
Aug
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 […]
28
Oct
Oct
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 […]