Should I keep the security deposit ?

[Drayden Morgan]

I am a first time landlord and I am already having problems with my tenant paying late. She usually pays 2-3 weeks after rent is do. It’s not long enough to get through an eviction process I’ve tried but still a pain and confidence killer. I don’t plan on renewing her lease I was wondering would it be normal to keep the security deposit for a tenant that always pays late? And also what can I do to get her to pay on time?

[Account Closed]

You are confusing late rent with what a security deposit is for.  

If they are paying late are you charging a late fee?  If you didn’t put one into your lease that’s a learning point for you.  Also, are you posting a notice of eviction the day you legally can when they haven’t paid?  Do they communicate with you about being late?

For the security deposit that depends on the state of the property when you rented it to them versus the state of the property when you get it back. Minus all normal wear and tear items that is what you can charge them.  

But based on what you said your tenants have ZERO incentive to pay on time.  Why pay your rent when there isn’t a punishment for it.  Train your tenants or they will train you.