General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago on . Most recent reply
Security Deposit and Unknown Address
What would be the protocol if a tenant abandons the property and the final rent owed and damages exceed the security deposit? No address was given to send any notices to.
Most Popular Reply

Send the information to the rental address. They either put in an address change with the post office, or it will be delivered to your property, but you have done your due diligence to communicate the issue to the tenant. We normally give them two months to contact us and start making payments, and then we turn it in to a collections agency. The collections agency will need all the related paperwork. We have not yet had any funds recovered, but at least it shows up on their credit report to warn future landlords, they will get hounded by the agency (who has better tools to find people), and maybe encourage them to resolve it even years into the future.