All Forum Posts by: Daniella Hernandez

Thank you for taking the time to write your advice. As a new tenant, I want to make sure I am fair and reasonable. Your comment helps me validate the fact that it was negligence. Thank you! 

Yes, we did a move in condition form.

Yes, I required them to have tenants insurance, but I believe they stopped paying it after first month. Lesson learned!

Thank you for commenting and advice! 

I am a new real estate investor. I just had my first tenants moved out after renting my first unit for 15 months. A few months ago, they reported water damage. By the time I was notified the whole master bedroom laminate floor was ruined. They blamed it on the bathroom shower doors not being installed correctly. This happened after they lived in the apartment for 13 months. After they moved out, we realized the water damage covered the whole master bedroom (16 ft), so I have to replace the whole floor. I have not given them their deposit back. My rental home insurance does not cover tenant negligence. We have sent plumbers and restoration companies and the conclusion is that it was the tenants negligence. The tenants is blaming me for not having the doors installed correctly. The plumber that went to help 2 hours after they reported the incident said said they had wet towels on the floor and that  he believes the bathroom doors had fallen and they installed them back incorrectly. Not sure what to do to prove that their negligence is going to cost me more than their deposit. I don’t think they should get their deposit back. Any advice and/or guidance would be greatly appreciated. Thank you in advance. 

I am a new real estate investor. I just had my first tenants moved out after renting my first unit for 15 months. A few months ago, they reported water damage. By the time I was notified the whole master bedroom laminate floor was ruined. They blamed it on the bathroom shower doors not being installed correctly. This happened after they lived in the apartment for 13 months. After they moved out, we realized the water damage covered the whole master bedroom (16 ft), so I have to replace the whole floor. I have not given them their deposit back. My rental home insurance does not cover tenant negligence. We have sent plumbers and restoration companies and the conclusion is that it was the tenants negligence. The tenants is blaming me for not having the doors installed correctly. The plumber that went to help 2 hours after they reported the incident said said they had wet towels on the floor and that  he believes the bathroom doors had fallen and they installed them back incorrectly. Not sure what to do to prove that their negligence is going to cost me more than their deposit. I don’t think they should get their deposit back. Any advice and/or guidance would be greatly appreciated. Thank you in advance. 

Thank you everyone for taking the time to give me great advice. I will start looking into reverse mortgage plans and other ways my brother and I can help. Thank you!!!

Hi, my parents are in a financial crisis. My dad just had a stroke that left him disabled and unable to work. He is going to require 24/7 help. My mother is the caregiver of a granddaughter and now my father, so she is also unable to work. They are both in their mid 60's and don't qualify for disability. They have about $200k in equity in their home. Our first idea was to downsize their home to reduce all expenses and be mortgage free. My husband are I are willing to help in a way that can provide them with some kind of income, if we were going to use their equity and invest in real estate for rentals instead of having them buy another house cash with the equity they have if they sell their home. We have savings and perfect credit. What would you do? Any recommendations?  Contracts? TIA