How much in turnover costs to you recover from security deposit?

[Jason Mak]

Wanted to survey all the multifamily managers out there and ask them how much of the actual unit turnover costs do you deduct from the tenant security deposit?

For example, typically if a tenant leaves the unit in good condition, we'll refund the full security deposit minus a nominal cleaning fee.  However, there will still be some charges incurred by landlord such as carpet cleaning, touchup painting, etc that is goes over that cleaning fee.  In this case, I would incur that overage as a turnover cost.

Obviously if there are large damages or larger jobs, I would deduct from the deposit.  

I'm curious of all the landlords out there, how much of the turnover that you charge to the previous tenant and how much you incur as the landlord's expense?  

[Matt Clark]

Jason Mak we are operating in the class A world, and have written a $200 "Restoration Fee" into our leases. The fee is charged at the time of move out, so it's deducted from the deposit refund. And we also charge for actual cleaning and damages, which usually translates into recovering about 50% of our turn cost.