Average Security Deposit Refund

Have you ever wondered how much of the security deposit your competition is refunding, or what the average refund amount is in your state… wonder no more!

We have compiled a simple list of all 50 states and the average amount of the security deposit refund as it relates to the entire deposit.

You can download the entire Security Deposit Refund PDF (http://www.propertymanagementexecutive.com/wp-content/uploads/2011/05/RefundPercent1.pdf), but some of the notables are below.

Topping the list of most refunded is South Dakota at 97.5% and WV, VT, ME, and VA all refunding over 90% of the initial deposit.

Trailing at the end of the list for least refunded is Hawaii at 64% and MD, OR, WA, and CT all refunding less than 70% on average.

Article posted by Thomas Fanelli, Propertyware News, Industry Statistics

Carbon Monoxide Detector now required in rental properties.

Effective July 1, all single family houses, condos, townhomes and multi-family up to 4 units rentals are required to have a carbon monoxide detector installed in the home. You can purchase the carbon monixide detector at any home improvement store or even Target and Walmart.

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Renters Insurance

Renters Insurance is required on all leases. You can use whoever you choose but we have found that Allstate has great rates and we highly recommend John Andrews who can be reached at 949-589-1114.

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Use your online tenant portal to make one-time or recurring rent payments, initiate maintenance requests as well as check the status of your maintenance requests.

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