Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago,
1 of 2 tenants moving out & perplexed how to deduct from SD (renting per bedroom)
Good morning! Wondering if anyone else here rents per bedroom to college students? I'm a somewhat new landlord & have 1 tenant moving out while the other is staying. Wondering how to go about the security deposit & getting the unit ready for the next tenant. Cleaning fees are usually taken out at the end of a lease but how would that work when 1 of the 2 tenants are staying? My thoughts are to hire a cleaning company for the common areas & her bedroom but to be honest I don't know if it's even possible to fairly deduct from one without affecting the other's security deposit until the following year when they're graduating.
Thank you for the help BP :)