Discussions relating tips and tricks for property management.
Your tenant has vacated the property and you know have 21 days to account for the security deposit. The law allows landlords to deduct portions of the security deposit to cover the cost of damages caused by a tenant. Landlords cannot deduct normal wear and tear, or the expected depreciation of a property. E.g.
This is a nationwide epidemic. Legislation recently amended not just one but five civil codes. They're also known as the traveling bugs. We need to educate ourselves and everyone we know, because if it's a nationwide problem it's not a matter of if, but a matter of WHEN we all get affected by the bed bugs. They are considered vermin in the eyes of the court.
Establishing late rent fees in your rental agreement is a first important step if you wish to keep your tenants paying on time.
