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Updated almost 7 years ago on . Most recent reply

Mallory Guerrero's profile image
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Mallory Guerrero
  • from Littleton, Colorado
  • Member since Sep 24, 2013
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Mallory Guerrero's profile image
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Mallory Guerrero
  • from Littleton, Colorado
  • Member since Sep 24, 2013
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Mallory Guerrero
  • Littleton, CO
7
Votes |
30
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General Landlording & Rental Properties

PM & Security deposit

Mallory Guerrero
  • Littleton, CO
Posted
Our PM company and our numbers aren’t adding up... this is from them... “As we are required to hold the amount of the security deposit, it is deducting from the ending balance each month and what’s left is sent as a disbursement. In a typical month, the beginning balance would be equal to the security deposit.” This is confusing to us as the tenant already provided the security deposit when she moved in... any thoughts on this?
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Kathy Johnson's profile image
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Kathy Johnson
  • Real Estate Professional
  • from Hayfork, CA
  • Member since Sep 4, 2015
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Kathy Johnson
  • Real Estate Professional
  • from Hayfork, CA
  • Member since Sep 4, 2015
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Kathy Johnson
  • Real Estate Professional
  • Hayfork, CA
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Kathy Johnson
  • Real Estate Professional
  • Hayfork, CA
Replied

Are they incorrectly charging maintenance to the tenants deposit then reimbursing themselves each month?

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