Security Deposit Deductions?

[Justin Buller]

Hello fellow BP followers. I have a tenant moving out and she has caused a little bit of damage to the property, does anyone have any tips to make sure I am taking the proper/legal steps and deducting the correct amount for the repairs.  Any help is appreciated. 

[Aaron K.]

Hopefully you have a move-in/ move-out checklist, if not then you know for for the next tenant.  Either way you document everything, you have a reputable vendor complete the work and send an itemized list to the tenant of what was taken out of their deposit as soon as you possibly can.  Some states vary on requirements but it is good practice.  

The big tip here is don't do DIY repairs because you aren't saving yourself any money, (the security deposit is paying for the repairs) and you are opening yourself up to all kinds of challenges from the tenant.