#7 When tenants move out, you’re not free to charge them for all damage they’ve caused
Some residential rental owners feel that when tenants move out, they can charge them for any and all wear and tear and damage they’ve caused. While this seems logical, it’s actually, a little more complex. Georgia landlord/tenant laws govern what owners can and cannot charge tenants when moving out. Items like carpet, paint etc. have a depreciation value and wear and tear on these cannot always be charged to the tenant. This excerpt from the Georgia Landlord Tenant Handbook explains more:
“The tenant can be charged for damage caused by negligent or careless acts and for damages due to accident or abuse of the property. The landlord can charge the tenant for the loss caused by their damage. For example, if the tenant damaged a ten-year-old carpet so that it could no longer be used, the tenant should be charged for the value of the ten-year-old carpet and not for the cost of the new replacement carpet. A landlord cannot retain a security deposit to cover normal wear and tear that occurs as a result of the tenant using the property for its intended purpose.”
For more specific and complete information on this topic, see the Georgia Landlord Tenant Handbook at: http://www.dca.ga.gov/housing/HousingDevelopment/programs/downloads/Georgia_Landlord_Tenant_Handbook.pdf
Clients 1st has processes, procedures and agreements that specifically cover these items to protect both homeowners and tenants within Georgia state law.
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This series gives you the real scoop on 10 things you’re likely to encounter while managing your own residential rental property.
#6 Tenants expect you’ll pay for the home owners association and amenities fees
Should you pay the home owners association fees and fees for amenities like pool and tennis access for your tenants? To make your property as marketable as possible and to be competitive with other area rentals, we advise our owners to pay these fees. While there are no laws that govern this in Georgia, tenants do assume their rent will include access to common subdivision amenities like pool, tennis etc.
Clients 1st Property Management Company can talk you through the best strategy for pricing and marketing your home to prospective tenants. Because renting homes is our business and we have long-term relationships with real estate agents in the area, we’re experts at getting homes rented for owners for a competitive rate while reducing vacancy loss.
To learn more about what tax deductions your rental home property may be eligible for, see this article we posted last month: http://www.c1pms.com/property-management-blog/tax-deductions-for-rental-homes-april-15th-is-right-around-the-corner
Clients 1st Property Management Specialists makes every reasonable effort to ensure the accuracy and validity of the information provided on its web page. Since policies, prices, dates, property conditions, property information are continually changing. Clients 1st Property Management Specialists reserves the right to change at any time without notice, information contained on this website and makes no warranties or representations as to its accuracy.