As a property owner, your goal in collecting a security deposit from each tenant is to cover the costs of repairing extensive damage. This requires knowing how to tell the difference between excessive damage and normal wear and tear. Once you understand this difference, you can fairly apply your use of the tenant’s security deposit.
What to Expect from Walls and Flooring
The most obvious changes to your rental property will appear on the floors and walls. For example, it’s common to see peeling or faded wallpaper. Painted walls may also peel or crack over time. Worn carpeting or scuff marks on vinyl flooring are more common types of wear and tear damage.
Anything more serious requires assigning blame to the tenant and using their security deposit for the repairs. This includes holes in the walls, burns in the carpet, or torn vinyl flooring.
Watch for the Results of Oxidation or Other Environmental Conditions
If your rental property is in a humid region, sticking doors will be common. Rust forming on large appliances, such as the refrigerator, might also occur. If the property shifts due to soil changes, you’ll probably have to repair cracked windows and door frames.
Broken screens, missing windows, and damaged locks are indications of excessive damage. Use your tenant’s deposit to pay for these repairs.
Expect Wear and Tear Damage in the Plumbing
Time will take its toll on the plumbing system. One sign of this type of damage will be cracks in the porcelain on sinks, toilets, and tubs. The water may run slowly if the pipes have become partially clogged over time. Annual drain cleaning can help you reduce the need for some of these minor repairs.
Manage Your Property More Effectively with Our Professional Help
Reliable Property Management, Inc. can take over many of your property management tasks and simplify your role as the property owner. Contact us online or call (443) 869-3799 to find out how we can help.