My Triplex Is Being Condemned

[Lake I.]

I woke up Thursday morning to a text from a tenant who told me the floor of their unit had shifted. (It’s an addition and is a second story.)

I rushed to the scene to find the fire department had beaten me there to shut of the water because there was a large pipe break under the floor of the unit in danger. Underneath the unit, a 20+ foot steel beam had fallen off its support posts. Causing the entire unit to sag. The building was in motion; tilting towards its outside corner.

Over the course of the day I had the fire chief, local inspector, emergency services, and structure repair guys from Serv pro tell me it was unsafe to enter and I can’t do anything until an engineer arrives. (It’s Saturday morning, still waiting for that.) Not to mention, ALL of my tenants of three units are now displaced. I was only able to get some things out.

Now, two days later, the building has made no further shifting. But, I am unable to get a crew in there to stop the mayhem from getting worse. Insurance isn’t promising full coverage. My hands are tied and my only choice is to wait.

I am posting this for help and advice. I’m a new landlord of only a year. This is my first property.