All Forum Posts by: Laura Trickett

Hi all,

I’m managing a rental property in Memphis, Tennessee, and I’m in the process of returning a tenant’s security deposit. I want to make sure I’m handling this by the book.

It seems landlords are allowed to base deductions on reasonable estimated repair costs rather than only on completed work with receipts. 

My questions to the community:

1. In practice, do you all typically deduct based on estimates, or do you wait until the work is done and then use actual receipts?

2. Any best practices you’d recommend for keeping deductions “reasonable” so they don’t get thrown out in small claims court?

I’m also mindful of the 30-day deadline in Tennessee to return the deposit or send the itemized list of deductions, so I don’t want to miss that window waiting for repairs to be completed.

Would love to hear how other landlords in TN

Thanks!

I'm exploring the insurance housing model (working with vendors like ALE Solutions, Sedgwick, CRS) and I'd love to hear from landlords or operators who've listed properties with them.

Specifically:

How long did it take after listing your property to get your first placement?
Are you seeing steady placements, or long periods of vacancy between stays?
How many months per year is your property typically booked through insurance vendors?

I've been having a hard time coming across any data on this (understandably - who can predict a crisis and when people will need housing...), but I was curious what the real-world experiences have been.

The property in question is a single-family home in Memphis (5BR/2BA), and we’re weighing insurance housing against standard long-term rental or mid-term corporate stays.

Any real-world numbers, averages, or lessons would be hugely appreciated. Thanks in advance!

— Laura