Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago,

User Stats

20
Posts
13
Votes
Damon Albers
13
Votes |
20
Posts

owned a property with a tenant for five days before they vacated

Damon Albers
Posted

Hello All, 

I purchased a property from a turnkey company that was acting as the realtor from a home they had rehabbed, sold and managed for the previous owner. 

I took ownership on the property 9-29-2021 with the current tenant in place and then the tenant vacated 10-4-2021. 

Who does the security deposit belong to, me or the previous owner? There is also an open balance of the previous tenant for excessive damages.

I thought that since I took ownership of the property while the tenant was still in the house, the security deposit and any monies owed for damage would belong to me. I'm being told by the management company that the money belongs to the previous owner that I bought the property from.

Who is right?

Thank you, 

Damon



Loading replies...