Determining appropriate deposit refund

[Anthony Porembski]

Hello all!! Super grateful for the time and insight you people put into helping the fellow enthusiasts and for that I thank you and appreciate you.

So my fiancé and I are gearing up to take the dive into real estate investing. We spend a good amount of time trying to get our minds Murphy’s law ready, to the best of our ability. We like to think of problems that may come up and find the best solution. May sound torturous but it’s opened my mind to a lot.

Sooo, this may sound rudimentary to a pro but I was wondering how you guys determine or if there is a formula to use when it comes time to give a tenant their deposit back. At what point do you take it all, give back partial or give back the entire amount.

🙏🏻 thanks