Nothing motivates a tenant more to replace their dead light bulbs than knowing that if they don’t, it could cost them $5 per bulb for us to hire someone else to do it. This Itemized List of Common Deposit Deductions is fairly generic and includes a statement that says, “This list has been prepared for your information only. Actual charges will vary.” The point of this list is to simply motivate your tenant to do as much themselves as possible because, let’s face it, moving is not fun. It’s a lot of hard work, and by the time the tenant gets everything moved out and into their new place, the last thing they want to do is deep clean and get the home they have lived in for years returned to move-in condition.
The responsible ones will buck up and do it anyway. It’s those others you’ve got to impress the importance upon that they need to do it themselves—which is where this list comes in.
In reality, some things may cost more, some less, but the point is to let the tenant see with their own eyes that it will cost them, probably a lot more than they think.
The Landlord’s Itemized List of Common Tenant Deposit Deductions
[This article is an excerpt from Brandon Turner’s The Book on Managing Rental Properties.]
Landlords: Does your deposit deduction list look similar? Anything you’d add or change?
Be sure to leave a comment below!