Tenant caused damage and rehab
Folks - I previously shared my experience regarding the complete mismanagement by Reedy and company of my rental in Memphis, TN. I have now changed the PM and the problem tenant who caused a lot of damages has vacated. I would like to sell off the property. While the tenant was there I had listed my property for sale when previous PM was managing and 4 offers fell through. Now that the move out inspection has been done the new PM is estimating $11k worth of repairs. I would like to sell this property asap. Should I invest in these repairs and what are some of the right questions to ask? Additionally do I have any recourse against the tenant? She had outstanding balance on the ledger by previous PM. So I expect the security deposit will go towards that but I think she has caused more damage than what the security deposit will cover. The previous PM told me there was no point going behind these kinds of tenants to pursue relief. Kindly advise what my course of action should be.