I assessed the damage and texted the ex-Tenant that from his $1600 deposit I was only returning $200.

I assessed the damage and texted the ex-Tenant that from his $1600 deposit I was only returning $200.

I'll be happy to send you my late policy and application approval & move-in process letter by email if you send me you email address though  you'll probably want something else if you are buying in nicer neighborhoods and renting to tenants with high income & decent credit.

What if you wouldn’t typically rent to this person (employment , credit score , etc) and now he’s on the lease, they split, and he’s a problem and won’t leave bc “he is on the lease”.

I'd just charge a pet FEE (not deposit which will be refundable less damages).

@Paul Daniels those are the two methods most often used, but if you do not want to go conventional or hard money, you would either have to go with private financing, or using some personal lines of credit you may have.

HelloMy ex-landlord is threatening to sue me for water damage I caused due to watering a flower bed in the garden.

But as for paying for roof damage, I would not.

Do this—— Contract for sale for 12 months—- get a 10-15k credit line at Home Depot (pay off in 60 days!)

Security deposit can be used for damages on the property that are not ordinary.