General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago, 07/06/2016
Question Surrounding Security Deposit
I recently purchased a property in Wisconsin and when I received all the paperwork I did not receive a damage checklist or condition document from the tenants. Now one of the tenants is leaving and left cigarette burn holes all over the floor and the walls are absolutely coated in tar/nicotine. Am I able to deduct the carpet replacement and wall cleaning as that is beyond normal wear and tear even though I do not have a checklist or property condition document due to obtaining the property from a seller and inheriting the tenants? Any help on this would be great, thanks.