As a landlord, finding the right tenant for your property is one of the most important parts of keeping your property in good condition, rent and bills paid, damage minimal and your bottom line in the green. However, it is not always easy to find great tenants! Working with a property management company can take the stress out of the tenant search, but there are other ways you can use to increase your chances of a perfect match.
Month: September 2020
Should You Deduct from the Security Deposit? Understanding Normal Wear and Tear
Whenever a tenant moves into your rental property, there’s a good chance that you require a security deposit. In a perfect world, these would not need to exist! Tenants would move into your unit, take exceptional care of it and always follow the terms of the lease. However, this is not always how things happen. A security deposit is one way to give you a sense of security and money that you can use to offset property damage or outstanding rent. At the end of the lease, should you deduct from it or return it?