Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 7 years ago, 05/15/2017

User Stats

7,340
Posts
10,044
Votes
Mindy Jensen
Pro Member
  • BiggerPockets Money Podcast Host
  • Longmont, CO
10,044
Votes |
7,340
Posts

Iowa Security Deposit Question

Mindy Jensen
Pro Member
  • BiggerPockets Money Podcast Host
  • Longmont, CO
ModeratorPosted

A friend has a rental in Iowa. Carpets were about 6 months old when the current tenants moved in 2-1/2 years ago and in great shape.

Since you're a landlord, you can already guess they are moving out and the carpets are gross.

Since you can only depreciate carpets for 4 years, how should she handle this? Charge them the cost of cleaning? (She thinks they can be cleaned.) Charge 1/4 of the cost of replacement? 

Loading replies...