Van Nuys – Property Management
VAN NUYS PROPERTY MANAGEMENT
ENCINO PROPERTY MANAGEMENT
CHATSWORTH PROPERTY MANAGEMENT
GRANADA HILLS PROPERTY MANAGEMENT
SECURITY DEPOSIT QUESTIONS
Q: My tenant destroyed the property when they left and it is going to take longer than 21 days to make all the necessary repairs. How can I do an accounting of the deposit when I don’t know how much it is all going to cost yet?
A: A good faith estimate is OK if repairs cannot be completed in 21 days, or services or materials are being done by a vendor and the landlord will not have the invoices within 21 days. You must, however, give a final accounting within 14 days of completion of repairs or receipt of the invoices.
Q: Can I really be sued by a former tenant for not sending them an accounting of their security deposit?
A: Yes. You must provide a detailed accounting within 21 days of the tenant vacating the premises UNLESS you are refunding the full deposit. You need to provide copies of receipts with the accounting if the costs for cleaning and/or repairs total more than $125.00. Failure to provide the accounting may result in the court awarding the tenant the full security deposit plus twice that amount as a penalty if the court finds that you acted in bad faith.
Q: I don’t know where the tenant moved to after he vacated my unit so how can I send them the security deposit accounting?
A: All that you are required to do is to mail the accounting to the tenant’s last known address. Thus, if the tenant did not leave you with a new address then the accounting should be mailed to the address of the premises the tenant just vacated. Most tenants will have their mail forwarded by the post office to their new address. If the accounting comes back to you undeliverable, keep the undelivered document in the tenant’s file so that if the tenant ever tries to sue you in Small Claims court, you will have proof that you handled the accounting in good faith.
By Tim Kelley
Since 1946 the Carnahan name has had a reputation for honest and ethical Real Estate Property Management services in the San Fernando Valley, Santa Clarita Valley, Burbank/Glendale, Los Angeles, Westside and Conejo Valley areas.
The reason for our success is helping owners like you when they need it. Below is a partial list of property management services we provide to help you protect your real estate investment.
- Tenant placement
- Tenant screening (including: credit check, landlord and employment verification, social security trace report, California eviction check and criminal check)
- Regular property inspections
- Accounting and landlord bill payment
- Monthly financial reporting
- Maintenance service and supervision (we use only proven independent vendors)
- Collections
- Evictions
- We supply all the necessary forms to meet California’s Landlord/Tenant laws
- 24 hour emergency phone service
- Advertising to the broadest tenant base possible
Call or e-mail us today for more information. We’re ready to get started!
- Carnahan Property Management services Woodland Hills,West Hills, Calabasas, Canoga Park, Tarzana, Reseda, Topanga, Encino, Northridge, Van Nuys,North Hills,Chatsworth, Sherman Oaks, Studio City, North Hollywood, West Hollywood, San Fernando Valley, Granada Hills, Mission Hills, Simi Valley, West Lake Village, Agoura,Toluca Lake, Valley Village, Burbank. Call us at (818) 884-1500 and check if we can service your area.
