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Lise Howe, Assoc. Broker in DC, MD, VA and attorney in DC (Keller Williams Capital Properties)

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Rainmaker
7,836,134
Roy Kelley
Retired - Gaithersburg, MD

Most of the well screened tenants will receive their deposit. It is a challenge to avoid the bad ones who destroy property.

Jul 31, 2015 11:15 PM
Rainmaker
846,475
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Not often unless there is damage or late payment fees. My intentions are always in the lease-behave or beware!

Jul 31, 2015 09:51 PM
Rainmaker
1,725,996
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

When we managed rentals, we allowed the owners of the properties to deposit the tenant moneys in banks within the state as this is allowed. To my knowledge, owners always returned the deposits intact because we did thorough screening of tenant prospects and always found good people as tenants, so no damage to deal with.

Aug 01, 2015 12:46 AM
Rainmaker
1,543,662
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Rarely anymore. I've had 30 years to perfect my screening process. Oh I've had the 3 months of trash in the living room and the flea infestations (when dogs were not allowed) , etc. Technology has allowed screening to improve too with credit reports & background checks. I even have a landlord network that puts the warning-word out on bad tenants so we don't end up with them-saved me once already! I will remain vacant over renting to a bad tenant. I stayed vacant once for 2 months until I found a great tenant who stayed 3 years and left the place as good as the day they moved in; good tenants are gold!

Aug 01, 2015 12:41 AM
Rainmaker
1,153,794
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

It works out to be about 1% of the time Lise.  

Jul 31, 2015 10:33 PM
Ambassador
2,178,553
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Not often, but it does happen.  A good job of screening of tenants upfront, saves a lot of headache on the back end.  

Jul 31, 2015 10:25 PM
Rainmaker
1,661,936
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

I got out of owning rentals due to the hassle of the process.  None ever got their deposit back.

Aug 01, 2015 01:09 AM
Rainmaker
1,027,602
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

Twice in many years;  more often than not, tenants have left properties in good shape, but the ones that are bad, tend to take it to the extreme.

Jul 31, 2015 09:53 PM
Rainmaker
784,786
The Woodland Team of Texas
The Woodland Companies - Austin, TX
Land Specialists

The goal is to never have to hold the deposit, but it does happen sometimes.

Oct 13, 2018 06:31 AM
Ambassador
6,393,179
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

It happens, but would prefer to always give it all back.

Feb 09, 2018 09:57 PM
Rainer
27,065
Mary Hamilton
North Beach, NJ

You can’t keep the security deposit, just because you want to. As long as a tenant abides by the terms of their lease, this deposit should be returned to a tenant when their lease has expired. Here are situations https://rentberry.com/blog/get-security-deposit-back when you can keep all or part of a tenant’s security deposit.

 

Jan 12, 2017 06:13 AM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Seldom...I have very little turn over.

Aug 01, 2015 10:48 AM
Rainmaker
2,781,173
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I want to give it back...all of it. Their conduct decides what happens not me

Aug 01, 2015 10:01 AM
Rainmaker
613,494
Eve Alexander
Buyers Broker of Florida - Tampa, FL
Exclusively Representing ONLY Tampa Home Buyers

Two times in 30 years.  I scrutenize tenants very carefully.

Once I had a tenant fall on hard times and left owing me $300.  3 years later he knocked on my door...he had inherited some money and came to pay me what he owed me.

That was the nicest thing a tenant has done!

Eve

Aug 01, 2015 03:07 AM
Rainmaker
969,888
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

Not often now a days. I have down sides my operation. Tenant selection has become a real challenge. 

Aug 01, 2015 02:40 AM