I did not read the rules around security deposits. you may be allowed to use those funds and still file a small claims action for any remainder, but I can't imagine that it would be worth it if you have at least one month's rent in security deposit. 

Tell them to get out in seven days, use the deposit for unpaid rent, cleaning, and repairs.

Best practices for security deposit deductions (damages)?

You need lease and deposit check at closing so the property has to be move in ready not a rehab.

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

I'm absolutely not interested in leasing fast at all and I'm extremely picky about tenants and I do things like require a large security deposit (even for section 8 renters, I have three of them and love them), don't supply appliances, take my time doing background checks and arranging multiple calls/meetings with potential tenants. 

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.

@Andrew C.I have the same questions about it as well.. for example, you now have say 5 leases that likely are all for different date ranges/terms and deposits etc. do you do all males or all females together - I'm assuming this depends on the state you're in?

Most of the time the tenants are responsible for the deposit.

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