Dealing With Basement Leaking/Water Issues.

[Jack Bier]

Hi all,

I hope everyone is having a nice day so far. I own one property in Lorain, OH that I bought back in October. I bought it cheap - $35k. I inherited a tenant paying $500 a month. 

Problem is, in the Spring and when it rains hard, the basement has standing water(only maybe an inch in the deepest spots). I've been down there once, and it smells a little moldy.

The tenant will most likely never move because the rent is below market value and they're on a fixed income.... but, I want to protect my asset. 

What can I do to get the water out of there and fix the possible mold as cheaply as possible?

Thank you for your time.