Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

19
Posts
1
Votes
Shahid Iqbal
  • Real Estate Investor
  • Plano, TX
1
Votes |
19
Posts

Security claim - how much is reasonable

Shahid Iqbal
  • Real Estate Investor
  • Plano, TX
Posted

Hello, 

Can I ask for expert advice on this security claim that I'm considering.

I had a property in S. Florida that came out of rental after 3 years. The house had brand new paint and every thing was functional and very clean at the time of rental. As tenant moved out, I noticed following issue for which I am planning for claim. However, I am not sure how much claim will be reasonable for both me and tenant.

-Tenant left a big fish pond, big garden pavers,  and some personal belongings, old vacuum cleaners, cloth baskets, etc.      Claim Estimate: $100 for haul away / cleanup.

- Found Kitchen faucet leaking (looks like it's been leaking for several months; and tenant never informed me) and kitchen was dropping by about inch down from granite and water leaking. Water leak had caused the bad mold under sink and couple of base cabinets and doors needs to be changed as well as mold treatment is needed. Mold guy alone gave me estimate for about $1500+ and I am expecting about $800 to $1000 for new faucet, cabinet base and cabinets replacement / paint. If I work with Handyman, I might be able to get this done in about $1200 to $1500 fixed with new faucet.        Claim Estimate: $1500

- One closet shelf broken from wall, one shelf missing from a closet and one sliding screen door net torn and out of window sitting in the garage.   Claim Estimate:   $100

- Left pictures, nails, curtain rods and some areas very bad paint. Also fans were full of dirt (looks like they did not really changed AC filters much).  And  master shower was full of bad grime.  I had to re-paint and get professionally clean.        Claim Estimate: $200 (about10% of paint + cleaning estimated charges)

- Few light bulbs missing, one fire alarm not functional (battery popped out), no AC filter at move out.    Claim Estimate:$30

I had old carpet that is totally gutted and messed up with dogs hair. But I'm not charging as carpet was old. I am replacing a new carpet.

I do not have whole lot of pictures from Move-In; but I do have pictures of damages or issues listed above after Move out. In Move-In form none of above issues were reported or listed. Overall I don't have any complain from tenants except that they miss reported number of adults and pets in their application + they did not return the property in condition they were given or as they were asked ( via Move out checklist guidelines). I might be doing some of fixes myself so actual cost may be less for some of the claims.

Would you consider above reasonable? Or should I adjust up / down?

TIA.

Most Popular Reply

User Stats

9,365
Posts
6,551
Votes
John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
6,551
Votes |
9,365
Posts
John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Replied

If I read this correctly you are co-mingling personal funds with THE TENANTS money. Violation! If you intend to landlord in any state, KNOW their laws and follow them. IF you end up in court, the last thing you want is the judge to be biased due to improper actions by you. 

Loading replies...