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Landlord Tenant Closing Statement to Reconcile Security Deposit Michigan Form

Landlord Tenant Closing Statement to Reconcile Security Deposit Michigan Form

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another thing for repairs is a double deposit I always take a double deposit two months I get a lot of push back a lot of push back from tenants we've had some really angry emails from some potential tenants asking me or screaming at us about our policy of double deposit but what that does is that weeds out a lot of the lower quality people person who does not have two months worth of cash to put as a deposit is probably not a very good quality uh tenant so that weeds out a lot of or filters out a lot of the lower quality people and it allows us to sort of zero in on the uh the better quality people so that's another way that we help with repairs and maintenance which a lot of landlords don't do a lot of landlords don't have uh strong leases so every time that something comes up for repair they have to pay for it they don't take a big enough deposit so when they do have that inevitable turnover they don't have enough money to cover the th

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