Property damage is unavoidable. If you haven’t had to deal with destruction yet, you will at some point in your career. Some…
If you’ve been a landlord for a while, you’ve probably noticed that tenants are extremely protective of their deposits. It doesn’t matter if the deposit is only $200 – tenants get upset when they don’t get their full deposit back.
As a real estate investor and landlord, your job is all about mitigating risk and maximizing return. The more you’re able to accomplish these overarching goals, the more success you’ll experience. And while security deposits may seem like a small issue to outsiders, experienced landlords know just how much they impact both risk and reward…. [Read More]
Landlords are always looking for ways to reduce risk and increase profitability. And when you let someone else live in your property, one of the biggest risks involves the potential damage they could do to the residence. For years, the security deposit has been the preferred method of compensating for property damage related risk. But… [Read More]
While working through a lease agreement with a new tenant might seem normal, avoid the tendency to glaze over the details. Upon ending a tenant-landlord relationship, security deposit issues are among the most common problems people have. It’s important that you develop a specific strategy for implementing and explaining your security deposit to tenants.