Tenant Never Got Deposit Back When Renting—Then She Became a Landlord
Summary
A Texas landlord named Carissa Reese went viral on TikTok for returning a full security deposit to her tenants, despite some minor wear and tear in the rental property. Reese, who has rented properties herself without receiving her deposit back, believes it is her duty as a landlord to provide a clean and fresh property for new tenants while not penalizing renters for normal wear and tear. Her approach comes at a time when many renters in the U.S. are facing financial challenges related to housing costs.Key Facts
- Carissa Reese is a 28-year-old landlord in Houston, Texas.
- She returned the full security deposit to tenants despite regular wear and tear.
- Reese's video about this decision gained over 3.5 million views on TikTok.
- Her property consists of a three-bedroom, two-bath house with a detached office, rented for just under $2,000 a month.
- Reese has been a real estate investor for three years and had previously never received any security deposit back when renting.
- A report states that 22.6 million U.S. renters spend over 30% of their income on housing, a record high for the third year running.
- Reese believes maintenance like cleaning and painting is a landlord’s responsibility.
- The security deposit for the rental is equal to one month's rent.
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