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Categories

How to Keep Unavoidable Damage, Wear, and Tear to a Minimum

How to Keep Unavoidable Damage, Wear, and Tear to a Minimum

July 30, 2020

With a tenant in your rental property, you can’t avoid damage, wear, and tear completely. For instance, the carpet will probably be worn down a bit, even if your tenant doesn’t wear shoes in the house. The carpet will also likely fade a bit and you could end up with hair dye stains in the… [Read More]

Tenants are Protective of Their Deposits: 5 Ways to Mitigate Potential Conflict

Tenants are Protective of Their Deposits: 5 Ways to Mitigate Potential Conflict

July 28, 2020

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.

Is The Security Deposit Obsolete?

Is The Security Deposit Obsolete?

July 2, 2020

Security deposits have long been a norm in the rental world. Tenants are expected to put down as much as an entire month’s rent as insurance against potential damages. Then, when they move out, properties are assessed and the security deposit, or a portion thereof, is supposed to be returned based on the condition of… [Read More]

8 Tips to Make Security Deposits Less of a Headache

8 Tips to Make Security Deposits Less of a Headache

April 7, 2020

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]

Security Deposit vs. Move-In Fee

Security Deposit vs. Move-In Fee: Which is Better for Landlords?

January 23, 2020

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]