All Forum Posts by: Julian L.

Madison, old Hickory 

ThanK you all for the response. What part of Madison are desirable? Is there a area that is central to retail, bars, restaurants etc that I can keep a eye on? I’m looking for walkibility in the upcoming years 

Hello,

I’m new to Nashville and I’m looking around the Madison or Old Hickory area. I’m not super familiar with the area yet and I’m learning. Which cross streets or areas have the most growth potential in the next 5 years? I’m looking to buy and hold.

Not sure if this is helpful but my primary residence is in 5 Points and know the area well. Feel free to DM me

I’m a little late but just moved to a Nashville in a March from LA. We bought East Nashville and currently targeting some areas around Nashville to buy a multi family. Let me know if you want to connect, maybe we can do something together 

There has been a major plumbing issue in my condo, since I bought it in early 2015. I have witnessed at least 2 other units with severe water damage because of the plumbing in common areas. Could this be a case of HOA negligence?

I rent out my condo and the night of Thanksgiving (11/22) there was a significant flood caused by a common area pipe. Sewage had backed up and caused gallons of "**** water" to come up from the toilet. My renter had to leave, her stuff all had to be packed up and she has been relocated, going from one Airbnb to the next, on my dime. (This is unique to City of Santa Monica, found here: https://www.smgov.net/departments/cpu/content.aspx?id=8472)

Fast forward to now... my insurance has said there is $3k in damage, when I received 2 bids from contractors, both at $22k. Though there is a $19k discrepancy, I feel like the HOA has admitted they are responsible for this cost and their insurance adjuster has contacted me to try and help me, since the physical unit was damaged.

In the meantime, the City of Santa Monica is forcing me to relocate my tenant, as my unit is inhabitable. It is costing me $345/day, so it will be approximately $15k in costs. The HOA is saying they aren't responsible for relocation.

Today, I just got hit with a $31k bill because my insurance denied the restoration, pack out, mitigation and storage all of my renters personal property, to get it away from the sewage while the unit is being rebuilt. Again, the City is forcing me, the landlord, to take care of all financial responsibility. My HOA is saying they aren't responsible for damage inside my unit and that they are only responsible for the common area problem.

My renter had renters insurance, but only had $5k. Per the City, the renter is not responsible for most costs and all of the financial responsibility due to a inhabitable area, is the landlords responsibility.

All of these costs have been put on credit cards and have added up to nearly $68k. I am scared, frightened, freaked out. My wife and I aren't sleeping and are canceling Christmas because of this. I have a lawyer, but I'm paying by the hour so I'm trying to use him sparingly.

Is this a case of HOA negligence? Can I sue them for all of these costs, since they knew the pipe would be an issue? Is this legal for me to have to pay all of these costs when neither I nor the person living in my unit caused this problem. We tried to fix immediately as possible.

Any feedback or advice you can provide would be extremely appreciated.

Does anyone have a good real estate lawyer/attorney they could recommend that knows Santa Monica tenant laws?

I’m not sure if I want to vent or ask for advice...

My condo had a substantial flood on Thanksgiving, Nov 22, due to a main line pipe underneath the building getting backed up.

There is significant damage and the unit is unlivable. Per Santa Monica rules, I am required to provide similar housing for $165/day.

I required my renter to have renters insurance, however it’s only $1000 (my first mistake). 

Secondly, State Farm is taking their sweet time. The adjuster said there was only $3800 in damange but all of the bids I’m getting from contractors are between $15k-$20k. 

So, I’m fighting with State Farm. They have no urgency and each day that passes, I’m required by the city to pay $165/day to rehome my renter.

In addition, the pipe that broke is the responsibility of the HOA. They offered to pay the emergency plumber bill ($580) but say they won't pay for anything else.

I am out thousands on this. Any advice or words of encouragement?

 Interesting. I’ve never seen this map. What qualifies as an opportunity zone?

I haven’t noticed a difference at all. I’m in south LA. A flip tha was purchased in Feb for $499k just sold for $790k.