Disposition of deposit: estimates ok or actual cost only?

Disposition of deposit: estimates ok or actual cost only?

Member since 2021 · 30 posts · 23 votes

I had a tenant cause a serious plumbing blockage by flushing tampons down the toilet. This resulted in a $1500 plumbing bill and damages to a downstairs bedroom. She moved out over the holidays before I had figured out the cause of the plumbing blockage and back up. I now know that she is responsible.

I will be sending her the disposition of deposit but am not sure about the actual cost of repairing damages to the bedroom. It may take a while to get the repairs completed because most jobs around here are being scheduled several weeks out.

Do I have to wait until the work is completed to include actual cost in the disposition of deposit or can I put estimates instead? I am concerned if I have to wait until the works gets done I won't be able to send the disposition of deposit in the allotted time. 

I have done some research into the laws in my state and haven't been able to find anything that definitively answers my question.

I really appreciate answers from those with any knowledge on this circumstance. All of you in the bigger pockets community have helped me so much as I have navigated some difficult things that I never anticipated experiencing when I started out on this journey less than a year ago.

Thanks in advance!
 

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  • Rental Property Investor · RVA · Member since 2016 · 5k+ posts · 4k+ votes
    3y

    Where is the property? 

  • Member since 2021 · 30 posts · 23 votes
    3y
    Quote from @Taylor L.:

    Where is the property? 


     Idaho

  • Nathan GesnerBusiness Member
    Moderator
    Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
    3y
    Quote from @Mariah Porter:

    Here is the law for Idaho: https://legislature.idaho.gov/...

    You have 30 days, which should be plenty of time.

    Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO. Written by attorney investors, it's full of practical advice pertaining to management of investment property, has sample forms that can be edited, and - most importantly - they tell you what your primary state laws are and where you can read them. It's updated every year and is the best $40 you'll spend as a Landlord. There is one book for 49 states and a separate book for California.


    The DIY Landlord Book4.7244 Reviews
  • Member since 2021 · 30 posts · 23 votes
    3y

    Thanks for the recommendation I will have to look into that book 

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