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Real Estate
Reply to "Putting Our House Up For Rent - What Should We Know?"
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[quote=Anonymous][quote=Anonymous]OP here - thanks for these insightful responses. regarding tenants that trash your place - isn't that what the security deposit is for? Were damages that extensive that the deposit didn't cover the repairs? [/quote] You can get a maximum of one month's rent as a security deposit in DC. That really doesn't go too far for repairs. You cannot deduct for "normal wear and tear," so you'll probably have to pay for repainting, new carpet, a deep cleaning, etc. out of your own pocket. Plus if you try to withhold, it's pretty cheap for the tenant to sue you in small claims court and they have nothing to lose by trying.[/quote]
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