Includes practical advice on marketing, screening, leasing, handling lease violations, termination, security deposits, and more.

If no damages are found the tenant would get back 1/8 of their deposit (~$160).

At closing, I received the security deposits and pro-rated rent but was denied the non-refundable pet deposit.

Was there a security deposit?  

Just be direct with your tenant and tell them about the report and either have them pay the pet rent and deposit you usually charge or tell them to get rid of it.  

I wouldn’t do it without a significant deposit and rent agreed to.

I know this is not necessarily big in my area but check with a lawyer about an estoppal agreement which is essentially a document that allows the tenant to verify lease terms that way if after you purchase it they cant come to you and say their rent was cheaper or their security deposit was much more than what the seller told you.

In fact, the last three rentals of mine that came up for renewal in the last year had new tenants apply, background checks completed, and first months rent + security deposit paid sight unseen.

It is possible that your agreement was written in a way where the seller could keep a portion of your deposit based on certain conditions.

Criteria that I’m hoping for are:- preferably no cost to landlord for subscription - rent collection possible (and preferably at no added cost to tenant - some have a 2.5% fee even for direct deposit)- maintenance requests - document storage (lease, receipts etc) Any feedback welcome!