All Forum Posts by: Cory Lucas

@Bob Stevens except it was $966 to get the plumber out there emergently on a Sunday and there is still further damage left to be assessed

@Adam Martin I wish it being an inexpensive repair was the case. Getting the plumber there and to fix it to get it back to where we could turn the water back on was $966. In addition to that there are pipes busted going to the shower and the kitchen sink was froze up as well. So the price is going up from here. Definitely appreciate the time taken to provide feedback though and your insight

@Charles Carillo fair enough, appreciate the feedback. It's going to be a $966 repair, I feel that needs to be charged? Thoughts? I mean, granted, had he not said anything I likely wouldn't have known

I'm perplexed on the best way to handle this. Had a pipe burst at a unit, I couldn't figure out why as we haven't had issue before, but the pipes are exposed in the garage of this place and they sit relatively close to the door, but there's heat down there. Long story short, pipe burst and in talking with the tenant he eventually came around to say that he thinks it was his fault cause he left over the weekend and turned the heat off. 

He's been a great tenant to this point and while it's a boneheaded mistake it was an honest one I feel as he's young. However, my question to you all is am I better to charge him for the services rendered to fix the pipe now and collect for it, as it is being billed as an emergent call on a Sunday or wait until his tenancy is up, which I feel may happen at the end of his current lease and just take it out of his security deposit? I'm leaning toward the security deposit, but was curious since this is the first time having something of this nature happen at our properties as to what the BP community's suggestions are. Thanks in advance

@Patrick Goswitz I think @Bruce Woodruff illustrates my point much better

@Patrick Goswitz what's the end goal? Saving money I assume, if that's the case what does it matter if you're getting bids and going with the lowest bid or are you going with a contractor you know and trust? Either way for me they should be able to make their money however it is that they make their money, especially if you find a contractor you like, trust, and want to come back? 

If you get 3 bids and for easy numbers sake lets' say you get $3k, $4k, and $5k as the bids, but choose to go with the lowest bid and then tell him you want to buy the materials to save the money yet that's where he's cutting his costs to obtain your business you're still kind of cutting off your own hand despite your face right? I don't know, I usually get 3 bids and go with whom I'm comfortable with, it's less heavy lifting in the end that you have to do anyway. Plus if something is forgotten are you going to run to the store everytime they need a box of screws or something? 

I do most of my own work, but when I contract stuff out I let the contractor purchase their materials, besides they know what they want and need. Would you purchase your HVAC stuff and then have an HVAC company come in to install? Just some thoughts

@Ornella Kaneza if you have favorable loan terms maybe look into a HELOC to access your cash instead of refinancing? At least right now with interest rates being so high

@Thomas Jameson depends on your loan terms

@Bill Hughes have you talked with any local credit unions? I've had pretty good luck with them

@Nathan Gesner I appreciate you chiming in as I was actually going to message you and see what your thoughts were, but chose not to as I didn't want to seem bothersome. So, really appreciate your feedback and wording, will definitely help