Security Deposit Dispositons * Professional Property Managers Can COUNTER Tenant MISconceptions

Reblogger Wallace S. Gibson, CPM
Property Manager with Gibson Management Group, Ltd.

A professional property manager has the TOOLS and KNOWLEDGE to handle these situations and COUNTER common tenant misconceptions!

I just appeared in court where a FORMER resident sued me for his security deposit.  My deposit itemization statement has Offer in Compromise wording in it so when he sued me, I counter-sued him....I walked out of the court with his check for $700 OVER his deposit because he subscribed to the the TENANTS-ALWAYS-WIN scenario!

 

Original content by Andy Pokorny

Security deposits are a very touchy subject when it comes between owners and tenants. More often then not, tenants do not want to pay for work or damages because of the way they left the property. Many times the excuse is "It looks better now than it did before!" 

That being said there are also many owners that confuse normal upkeep/wear and tear to damages that tenants are liable for. It is our job as property managers to make these lines clear and definite, and to advise our clients as experienced property managers that provide quality advise and yet do the right thing. Lets face it, no one wants to be stuck in small claims court 5 days a week.

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Rainer
243,805
JOSH EVANS *JoshEvansHomes 516-655-5000
Village Properties of Mineola, LLC - Mineola, NY
Good to know good blog. Good info good job. Good luck keep up the good work
Sep 30, 2011 01:56 AM #1
Rainmaker
1,122,562
Paula McDonald
Beam & Branch Realty - Granbury, TX
Granbury, TX 936-203-0279

Good for you.  I just received a threatening letter from an attorney for a former tenant.  First of all he stated that I could not lease out my own personal property because I am a Broker.  When he became a holdover tenant without this in writing, he violated his lease.  Thankfully I have all of my data and am ready to take him on.

Sep 30, 2011 01:58 AM #2
Rainmaker
2,283,054
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Great post. I have a number referral patners that are property managers, over the years we have referred a lot of business back and forth.

Sep 30, 2011 01:59 AM #3
Ambassador
1,893,814
Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

This is one of the reasons I'm not a professional property manager and don't even attempt to be one.

Sep 30, 2011 02:00 AM #4
Rainer
238,346
Anne M. Costello
Weidel Realtors - Yardley, PA

Wallace: very good post. This is a thorny issue, but tenants really need to understand the rules.

Sep 30, 2011 02:02 AM #5
Rainmaker
1,240,646
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

I do not respond to FORMER tenant attorney letters or BBB complaints....These are WRITING-FOR-DOLLARS exercises that want a response...I'll respond IN COURT when they have some "skin in the game"!

Sep 30, 2011 02:02 AM #6
Rainmaker
420,748
Michelle Francis
Tim Francis Realty LLC - Atlanta, GA
Realtor, Buckhead Atlanta Homes for Sale & Lease

Wallace, 

Love it!  No surprise that you are all over that.  Kind of wonder what the heck the tenant was thinking... not very smart if they didn't realize it would end badly up against your records.

All the best, Michelle

Sep 30, 2011 09:28 AM #7
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