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RETURNING SECDEPs! (by WMH [NC]) Jul 11, 2019 1:04 PM
       RETURNING SECDEPs! (by razorback_tim [AR]) Jul 11, 2019 2:00 PM
       RETURNING SECDEPs! (by plenty [MO]) Jul 11, 2019 2:35 PM
       RETURNING SECDEPs! (by 6x6 [TN]) Jul 11, 2019 7:35 PM
       RETURNING SECDEPs! (by BRAD 20,000 [IN]) Jul 12, 2019 2:05 AM

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RETURNING SECDEPs! (by WMH [NC]) Posted on: Jul 11, 2019 1:04 PM

Was just doing some updated accounting for the four turnovers we had recently.

One tenant had major major damages at his place - they were not his fault but had they been reported promptly maybe it wouldn't have been so bad. We charged off his entire deposit and billed for more - and they PAID IT!

Next tenant hadn't paid a few utility bills, so those were deducted, but otherwise no damage and clean clean clean.

Next no damage at all except he did not do a final mow and the grass was too high, so I paid our guy to do it before the new tenant moved in. $50 deducted, otherwise full refund. Clean as a whistle.

Finally the last one, the water bill came in just as he was leaving, so that was deducted and a guesstimate for 12 days on the next one, otherwise no damage and clean, ready to occupy. New tenants in fact moved in the afternoon he left!

It's nice to be able to write those checks.

RETURNING SECDEPs! (by razorback_tim [AR]) Posted on: Jul 11, 2019 2:00 PM

I always tell tenants we want to return 100% of their security deposit. It's up to them to determine if that happens or not. --70.178.x.xx

RETURNING SECDEPs! (by plenty [MO]) Posted on: Jul 11, 2019 2:35 PM

Those that get it back start preparing for that the day they move in. Great post WMH, thanks for sharing your success! Good job! --99.203.xx.xx

RETURNING SECDEPs! (by 6x6 [TN]) Posted on: Jul 11, 2019 7:35 PM

Good job WMH. Thank you for sharing and keeping us informed on how that is working.

RETURNING SECDEPs! (by BRAD 20,000 [IN]) Posted on: Jul 12, 2019 2:05 AM

W, You are truly the Quadruple Queen of Turnovers!

This proves that residents CAN leave on good terms and clean homes.


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