Security deposit
Click here for Top Ten Discussions. CLICK HERE for Q & A Homepage
Receive Free Rental Owner Updates Email:  
MrLandlord Q & A
     
     
Security deposit (by Laura [KY]) Oct 10, 2017 3:23 AM
       Security deposit (by Rick [IN]) Oct 10, 2017 4:09 AM
       Security deposit (by Ken [NY]) Oct 10, 2017 4:31 AM
       Security deposit (by LindaJ [NY]) Oct 10, 2017 4:46 AM
       Security deposit (by Doogie [KS]) Oct 10, 2017 5:11 AM
       Security deposit (by Vee [OH]) Oct 10, 2017 5:53 AM
       Security deposit (by RR78 [VA]) Oct 10, 2017 5:56 AM
       Security deposit (by S i d [MO]) Oct 10, 2017 5:58 AM
       Security deposit (by WMH [NC]) Oct 10, 2017 6:50 AM
       Security deposit (by Robin [WI]) Oct 10, 2017 8:51 AM
       Security deposit (by Shaun [FL]) Oct 10, 2017 12:17 PM


Security deposit (by Laura [KY]) Posted on: Oct 10, 2017 3:23 AM
Message:

I try to be fair/reasonable. Had worked with tenant allowing family emergencies to take precedent and forgiving late payment (despite lease terms to contrary). When I warned of late fee having to be implemented because she was consistently late, I got little attitude. 2 months later, when it was still late and I demanded late fee, she refused to pay it, stated that all landlords allow 10 days late not 5 as I was allowing. She is out now and wanting to argue with me over immediate return of security deposit. She has been pushy, talking to other tenants in area that I've rented to and threatens to tell her Dad (another tenant in other unit) to move. MAJOR entitlement and attitude going on.

I do 30 days with listing of damages (per lease) but I'm so mad I want to pop her with threat of slander charges, etc. She acts like she knows laws or how I should do business when I've bent over backward for her and her family. Not doing it anymore though. Suggestions?

--184.53.xx.xxx




Security deposit (by Rick [IN]) Posted on: Oct 10, 2017 4:09 AM
Message:

1. Think with your brain, not your gut/heart. NEVER MAKE A

DECISION WHILE ANGRY. Go to a movie, eat some Hagen-Daz

vanilla bean ice cream, lift weights--anything to cool

down.

2. Read your state's landlord/tenant laws. Apply them now!

--99.197.xx.xxx




Security deposit (by Ken [NY]) Posted on: Oct 10, 2017 4:31 AM
Message:

Simply ignore her,doing anything else plays into her drama --72.231.xxx.xxx




Security deposit (by LindaJ [NY]) Posted on: Oct 10, 2017 4:46 AM
Message:

I agree, don't play into her drama, don't let your emotions and anger lead your decisions. Stick to the lease you have with her, and any other tenant. It is your written contract. When everything is settled with the deposit, fix and rent again. If her father or anyone else leaves, follow that lease, don't let the daughter influence your decisions.

Sometimes it is hard, but it is always better to be rational and think with your head. --96.236.xx.xx




Security deposit (by Doogie [KS]) Posted on: Oct 10, 2017 5:11 AM
Message:

You are in charge, not the tenant! That's the best advice that I've read on this forum many times. No matter what, don't play into drama. One of my favorite sayings is "Never argue with an idiot. They will bring you down to their level and then beat you with experience." This is simply business, leave the drama at the theater. --98.175.xxx.xxx




Security deposit (by Vee [OH]) Posted on: Oct 10, 2017 5:53 AM
Message:

As the others have said, follow your local and state tenant rules, you have had them printed out for awhile now if you have opened for business with other places - I just advise that as managers we must follow the rules already in place, if other people are advising her how it works bring me a copy of this law so I can compare to our laws on file - maybe a change occurred we missed and we want to always be fair. --76.188.xxx.xx




Security deposit (by RR78 [VA]) Posted on: Oct 10, 2017 5:56 AM
Message:

Calm down and remember this happens a lot if you allow it. Sometimes it helps if you ask yourself. How would I have handled this if I was just a property manager. Did not own the property yourself but managed it for someone. Did you do your job correctly? You would do a better job for them than for yourself?

You should always be able to say I would have done it the same. But now just communicate in writing and keep repeating what your lease said. And follow your lease. Charge the late fee against the deposit. Who cares what she said other LL do. The time for anybody to change the terms or negotiate a lease or agreement is before it is signed. --73.177.xxx.xx




Security deposit (by S i d [MO]) Posted on: Oct 10, 2017 5:58 AM
Message:

S i d[MO]'s 5-step, Drama Free method of security deposit accounting:

1) Block tenant's phone number and email.

2) Deduct for damages, unpaid late fees, cleaning, etc.

3) Send accounting statement listing charges and the refund check, if any balance remains, payable to all parties on the lease to tenant's last know address within the time-frame state law requires.

4) Drink a beer/refreshing beverage.

5) When 1st beverage is done, have another.

Questions? --173.19.xx.xxx




Security deposit (by WMH [NC]) Posted on: Oct 10, 2017 6:50 AM
Message:

NC law says send accounting within 30 days, or interim in 30 and final in 60.

It says HOLD security deposit until you get a forwarding address. If tenant does not claim within 6 months by providing such address, LL can keep the deposit.

Because my lease calls for electronic communications, I send SD Accounting via email (NC does not specify method of sending.) If refund is due, I tell them to send me their forwarding address and the bank holding the SD will send a check. Now it's on the tenant.

Of course if a refund is due, they always send an address! Most of the time a PO Box somewhere, or c/o a friend's house or something. --173.22.xx.xx




Security deposit (by Robin [WI]) Posted on: Oct 10, 2017 8:51 AM
Message:

This is EXACTLY how my PITA tenant acted. Sweet as sugar until she stopped paying rent prior to move-out, then went running to the free lawyers to see if there were any flaws in my lease that she could use to her advantage.

I'd like to propose a new psychological diagnosis: Bopfym Syndrome. It's the "blame other people for your mistakes" syndrome. In my experience, there's no cure and engaging with the patient just worsens the symptoms.

Do NOT let emotion get the better of you. Keep all communication in written form only. It's tempting to hit her with a lawsuit, but then only the lawyers will win. Follow your lease, take a deep breath and tell yourself "this too will pass." --204.210.xxx.xxx




Security deposit (by Shaun [FL]) Posted on: Oct 10, 2017 12:17 PM
Message:

Robin(WI) Thanks for the giggle!!

Bopfym sounds a lot like DARFTA "Doesn't Accept Responsibility for Their Actions". --205.223.xxx.xx





Reply:
Subject: RE: Security deposit
Your Name:
Your State:

Message:
Security deposit
Would you like to be notified via email when somebody replies to this thread?
If so, you must include your valid email address here. Do not add your address more than once per thread/subject. By entering your email address here, you agree to receive notification from Mrlandlord.com every time anyone replies to "this" thread. You will receive response notifications for up to one week following the original post. Your email address will not be visible to readers.
Email Address: