However they must be installed by my handyman and I set the expectations that they have 2 choices when they move,1) Leave the wall mount 2) Take the wall mount and repairing the wall back to original condition will be done by my handyman and will come out of the security deposit.

Another time after the buyer had their priest come and bless the house, at the last minute decided that house did not have the right feng shui and volunteered to forfeit their $10,000 deposit. 

I purchased a property where there was a verbal lease, month-to-month, 0 security deposit, and the rent was 1/2 of the market rate... some instances you're better off having the seller evict 1st.

If you have no deal with them: At closing you should receive all security deposits and make sure rents are sent to you and not the PM either by tenants or by automated withdraws from the PM. 

Are you referring to the deposit? 

How do you all collect rent and security deposit?

Get them out and then use the deposit to cover the unpaid charges.My lease says that all payments are applied to non-rent charges first, oldest to newest.

The context is the tenant caused a lot of damage to the property and I am keeping all the security deposit towards repairs.

.: @Joseph O'SullivanDon't forget that the tsp repayment will be counted against your DTI when looking at conforming loans.This is not true for conforming/conventional, FHA, VA or USDA loans.https://selling-guide.fanniemae.com/Underwriting-Borrowers/L...Loans Secured by Financial AssetsWhen a borrower uses their financial assets—life insurance policies, 401(k) accounts, individual retirement accounts, certificates of deposit, stocks, bonds, etc.

Depending on your lease, this is also grounds for keeping their security deposit so use that as needed.