The vast majority of lawsuits against landlords involve wrongful eviction, security deposit disputes, and Fair Housing Violations.

I suspect all security deposit need to go to the owner or a new PM..

Always charge at least some sort of security deposit, and the first months rent up front upon movein.7. 

I gotta say, I had a hard time deciding on the monthly rate and deposits.

In this way, I never need to be concerned about justifying my charge to their deposit because the damage is clear and obvious. 

Did you collect and keep an earnest money deposit from that buyer?

I have done small things like switch from glass wine cups to acryliic ones that look like glass and take a damage deposit of $250 that helps mitigate small things breaking that are over $50.

Please consider this if you move forward.Additionally, you need to have a broker on payroll in illinois and three separate bank accounts with the security deposit trust account located in illinois.

I've had one tenant in all my years dispute the deposit itemization.

I do have 1 month of his security deposit but I am not sure the condition of the house.