16 July 2025 | 9 replies
Even if damage occurs, having that paper trail helps with insurance claims or legal recourse.Security Deposit & Legal Leverage – While not always a big deterrent, reminding them that trashing the unit could mean forfeiting the deposit and potentially facing a lawsuit (or garnishment) may help.
9 July 2025 | 17 replies
@Drew Sygit He addressed it by forfeiting the management credit.
9 July 2025 | 9 replies
After the landlord retakes the dwelling unit, money held by the landlord as a security deposit is forfeited and shall be applied to the payment of any accrued rent and other reasonable costs incurred by the landlord by reason of the tenant's abandonment.C.
9 July 2025 | 25 replies
Chris and his team has forfeited about $14000 of management credit after purchase is made.
8 July 2025 | 7 replies
You're talking about forfeiting roughly $14,000.
8 July 2025 | 5 replies
You're talking about forfeiting roughly $14,000.
6 July 2025 | 10 replies
@Dan Baldini thank you for the advice so they ended up forfeiting their security deposit and I talked to a lawyer and basically said that I won't know the damages until I rent it out then I can go after unpaid rent but it's probably not worth it.
8 July 2025 | 38 replies
You're talking about forfeiting roughly $14,000.
1 July 2025 | 8 replies
We would normally have the tenant forfeit their LM rent, security deposit, and call it a day.
26 June 2025 | 22 replies
At no time any of this money will be go into any one of your accounts, if that happens you’ve forfeited the exchange.