Managing Your Property
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 10 months ago,
Security Deposit Reconciliation
Hi Everyone,
I used MYND Property management for my rental, and I'm firing MYND because they did a horrible job managing my property. The tenant smoked weed, partied and trashed my place, the turn over cost is around $6000. Since I'm firing MYND, they don't want to deal with the security reconciliation process for my tenant in case my tenant disputes in court, and by then they won't be managing the property. My tenants security deposit is around $2600, not even close to covering the cost of repairs.
I want to ask how do I handle a security reconciliation process myself?
Is there a letter format to follow?
Thanks for your advice?
Jenny