How is that remotely close to what I was pointing out? Property managers spend, borrow, steal tenant security deposits for their own personal gain. Consumers are harmed whether they like it or not and when it comes time to move out, they lose their security deposits to BS reasons and just give up because it's usually not "worth it" to hire an attorney to go after a company for the equivalent of one month's rent.
You're mixing up two different things: landlords borrowing from the security deposits they're holding while tenants are still there, and landlords wrongfully keeping security deposits when tenants move out. I agree the latter is bad but not the former.
sorry, property managers are NOT the landlords. In the United States, a big portion of rentals are managed by a third party property manager who is hired by the landlord to manage on their behalf. I'm specifically talking about them who are mishandling/using tenant security deposits that they are holding. we call them "management held security deposits"
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How is that remotely close to what I was pointing out? Property managers spend, borrow, steal tenant security deposits for their own personal gain. Consumers are harmed whether they like it or not and when it comes time to move out, they lose their security deposits to BS reasons and just give up because it's usually not "worth it" to hire an attorney to go after a company for the equivalent of one month's rent.
You're mixing up two different things: landlords borrowing from the security deposits they're holding while tenants are still there, and landlords wrongfully keeping security deposits when tenants move out. I agree the latter is bad but not the former.
sorry, property managers are NOT the landlords. In the United States, a big portion of rentals are managed by a third party property manager who is hired by the landlord to manage on their behalf. I'm specifically talking about them who are mishandling/using tenant security deposits that they are holding. we call them "management held security deposits"
Even so. As long as I get my security deposit back when I move out, why should I care what's happened with it in the meantime?