LANDLORDS!!! - How to Handle The security deposit?

[Cameron Riley]

- How do you handle your security deposit? Do you use it for fixing the damages during the tenants stay?

- When the tenant leaves and demands security deposit back, how do you handle this?

- In PA, I can hold for up to 30 days, should I use the security deposit to assess damages and wear&tear, then give them the remaining?

Example: Woman with 5 kids just moved out after 2 years, carpets are destroyed, it’s not normal wear and tear, I got a 1.2k security deposit. My damages to cover with the new carpet with be 800.00

should I give her partial deposit back? Should I hold it up to my 30 days before I even think of giving anything back?