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Real Estate
Reply to "Can I use tenant's Security Deposit?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Why weren't you inspecting annually? Rookie mistake.[/quote] OP here. Yes, it was a rookie mistake. They were my first & only tenants. And, they paid on time. Had no idea my house was being trashed.[/quote] OP, you should have been inspecting the house every year and replacing things over time, just like you would on your own home. We also own a rental, we inspect it every year and the tenant alerts us of anything that needs to be replaced. I would suggest you get hardwood floors in your rental since they last longer than carpet. Or you should have had the carpet steam cleaned a few times. Trying to keep their deposit is risky as they could sue you, then you would end up with legal costs and still having to pay to replace everything that you failed to replace over the past 9 years.[/quote]
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