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 13 years ago,
Can Abandoned Property Removal Costs be deducted?
I am not sure on the specifics regarding the costs associated with tenants abandoning personal property.
Since we have 30 days to refund the security deposit, and if the tenant does not or refuses to claim any abandoned personal properties after X number of days, can the cost of storage or removal be deducted from the security deposit?
I understand I also have the right to sell the abandoned property after X number of days but if I need to remove the personal property immediately for the next tenant, can I deduct the cost from the security deposit?