Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
General Landlording & Rental Properties
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 over 8 years ago on . Most recent reply

User Stats

17
Posts
0
Votes
Matt R.
  • Real Estate Investor
  • Milwaukee, WI
0
Votes |
17
Posts

security deposit question

Matt R.
  • Real Estate Investor
  • Milwaukee, WI
Posted

A few weeks ago my tenant decided to move 3 family members into her unit. I found out and gave the 3 people a few weeks to move out and they did not.  So I just gave them a 5 day notice, and they told me they would all be moved out within 5 days. do i get to keep the security deposit once they are out? i live in Wisconsin. thanks!

Most Popular Reply

User Stats

948
Posts
410
Votes
Corina Eufinger
  • Rental Property Investor
  • Oconomowoc, WI
410
Votes |
948
Posts
Corina Eufinger
  • Rental Property Investor
  • Oconomowoc, WI
Replied

you can only keep the security deposit in accordance to the amount of tenant damage to property and back rent or late fees.  You cannot charge for normal wear and tear or carpet cleaning. Nor are you entitled to keep any additional security deposit because they broke the provisions in your lease. Be sure you do some research on your deductions before you complete it and make sure you are in compliance with 704 and 134 in Wisconsin law.

It seems you may be inexperienced in being a landlord, I recommend you join a local landlord association and start taking advantage of any classes or training they offer. You don't want to make a costly legal mistake.

Loading replies...