All Forum Posts by: Lawrence Paul

Thank you fellas.

I reached out to her and she backed out.

Hello again,

So tenant paid security deposit and the carpet was being installed, so we both agreed to re-meet after the carpet was installed.

She wanted to rent the property (paid security deposit).

She showed back up a few days later to sign the residential lease agreement and meticulously scanned the property and pointed out every single little paint speck in the wall or minor caulking bump.

She wants everything 'fixed'.

She then asked for four more days to think about the property.

How do I go about telling her that I changed my mind and will be moving on, re-listing the property, ect?

Spoke with my insurance and HOA Office.

Both of them said that none of my actions were negligent and/or malicious so the unit owner below should cover the $250 costs for spackle and paint.

I would have been friendly with this man, but after him speaking about suing me for a third time at a local store, I will not be assisting him monetary.

Why be friendly with someone who continues to say they will sue me?

Once again, thank you fellas.

I do appreciate the feedback to help ease my mind.

I have been doing this for roughly three years now, so I don't have as much experience on the management side of things because I have ran into very few issues so far.

*Fingers Crossed*

 The toilet was sliding from left to right on top of the flange, became loose and the water trickled down to the unit below.

Thank you very much for your help in this matter.

Going to speak with our association representative tomorrow.

Correct, condo.

So, tenant breaks toilet, floods water downstairs = my responsibility?

Hello again,

So I own a unit on the second story and my tenant (who is being removed and moving August 3rd due to non renewal of contract) has broken their toilet twice.

Water has flooded from my powder room into his powder room twice now within two years that my tenants have lived there.

The owner of the unit below me has threatened me multiple times with legal actions.

It is my understanding that the liability falls on the tenant (since I have had the toilet fixed each and every time within a 24-48 hour time frame).

The Residential Lease Agreement (that I purchased from this website) also states that the plumbing falls as their responsibility.

Any thoughts or ideas on what I should do?

Hello again,

So, I have a few properties that I cash-out-refinanced on this year.

My original purchase price is much lower than cash-out-refinance price.

Do I depreciate on original purchase price or the new appraised cash-out-refinance price?

Thanks!

Want to update everyone because I spoke with my leander and they said:

Yes, I can update the LTV amount you a higher cash out!

Very exciting!