The state doesn’t have rent control laws, but landlords are prohibited from collecting more than one month’s rent for security deposits.

I had a deposit on a Cirrus Jet and that was driving me to attain more income as owning a Jet is a 200k minimum a year expense.

@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?

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. 

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.

Their most common threat is a security deposit dispute.

Tim, in lieu of a damage deposit, have you utilized A deposit insurance such as Rhino? 

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

However, it does mean forfeiting the deposits which is tough to swallow.