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Updated over 7 years ago on . Most recent reply

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170
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Ryan Sajdera
Agent
Pro Member
  • Realtor
  • Manhattan, KS
89
Votes |
170
Posts

What can I use security deposit for?

Ryan Sajdera
Agent
Pro Member
  • Realtor
  • Manhattan, KS
Posted

Hey BP, 

I was wondering what I can use a security deposit for, in terms of repairs. I currently have a house that is going to need ALL of the rooms repainted upon move out. The question is, can i use the security deposit to pay for the paint, and supplies? Do I charge for my time if i'm not a licensed painter? Can I use the money to purchase a sprayer for the paint? How do I go about doing this all? Thanks!

Ryan

Most Popular Reply

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6,201
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Dawn Anastasi
Pro Member
  • Rental Property Investor
  • Milwaukee, WI
4,343
Votes |
6,201
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Dawn Anastasi
Pro Member
  • Rental Property Investor
  • Milwaukee, WI
Replied

If tenants knock holes in the walls, and draw all over them or smear things on them, that's not normal wear and tear.

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